Bitcoin Intraday: the upside prevails as long as 115740 is support
Aug 22, 2025 7:49 PM
the upside prevails as long as 115740 is support.
Our pivot point is at 115740.
Our preference:
the upside prevails as long as 115740 is support.
Alternative scenario:
below 115740, expect 114590 and 113910.
Comment:
the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 114813 and 113608).
Supports and resistances:
120150 **
119470 *
118780 **
118100
116683 last
116190
115740 **
114590 *
113910 **
Our preference:
the upside prevails as long as 115740 is support.
Alternative scenario:
below 115740, expect 114590 and 113910.
Comment:
the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 114813 and 113608).
Supports and resistances:
120150 **
119470 *
118780 **
118100
116683 last
116190
115740 **
114590 *
113910 **
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