Bitcoin Intraday: the downside prevails as long as 116740 is resistance
Sep 14, 2025 6:47 AM
the downside prevails as long as 116740 is resistance.
116740 is our pivot point.
Our preference:
the downside prevails as long as 116740 is resistance.
Alternative scenario:
the upside breakout of 116740, would call for 117890 and 118580.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 115887 and 115865).
Supports and resistances:
118580 **
117890 *
116740 **
116280
115812 last
114430
113750 **
113060 *
112370 **
Our preference:
the downside prevails as long as 116740 is resistance.
Alternative scenario:
the upside breakout of 116740, would call for 117890 and 118580.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 115887 and 115865).
Supports and resistances:
118580 **
117890 *
116740 **
116280
115812 last
114430
113750 **
113060 *
112370 **
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