Bitcoin Intraday: the downside prevails as long as 115890 is resistance
Aug 19, 2025 8:40 AM
the downside prevails as long as 115890 is resistance.
Our pivot point stands at 115890.
Our preference:
the downside prevails as long as 115890 is resistance.
Alternative scenario:
the upside breakout of 115890, would call for 116930 and 117550.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 115501 and 115720).
Supports and resistances:
117550 **
116930 *
115890 **
115480
114880 last
113620
113000 **
112380 *
111760 **
Our preference:
the downside prevails as long as 115890 is resistance.
Alternative scenario:
the upside breakout of 115890, would call for 116930 and 117550.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 115501 and 115720).
Supports and resistances:
117550 **
116930 *
115890 **
115480
114880 last
113620
113000 **
112380 *
111760 **
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