Bitcoin Intraday: the upside prevails as long as 111070 is support
Sep 5, 2025 12:59 PM
the upside prevails as long as 111070 is support.
111070 is our pivot point.
Our preference:
the upside prevails as long as 111070 is support.
Alternative scenario:
the downside breakout of 111070 would call for 109870 and 109160.
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 112106 and 111086).
Supports and resistances:
116990 **
116270 *
115540 **
114820
113189 last
111550
111070 **
109870 *
109160 **
Our preference:
the upside prevails as long as 111070 is support.
Alternative scenario:
the downside breakout of 111070 would call for 109870 and 109160.
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 112106 and 111086).
Supports and resistances:
116990 **
116270 *
115540 **
114820
113189 last
111550
111070 **
109870 *
109160 **
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