Bitcoin Short Term: the bias remains bullish
Aug 18, 2025 6:45 AM
long positions above 112590 with targets at 128120 & 132580 in extension.
Pivot: 112590
Our preference:
long positions above 112590 with targets at 128120 & 132580 in extension.
Alternative scenario:
below 112590 look for further downside with 105150 & 100720 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
137040
132580
128120
115374 Last
112590
105150
100720
Our preference:
long positions above 112590 with targets at 128120 & 132580 in extension.
Alternative scenario:
below 112590 look for further downside with 105150 & 100720 as targets.
Comment:
even though a continuation of the consolidation cannot be ruled out, its extent should be limited.
Supports and resistances:
137040
132580
128120
115374 Last
112590
105150
100720
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