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Bitcoin Short Term: under pressure below 119510
Sep 23, 2025 10:04 AM
under pressure below 119510.
Our pivot point stands at 119510.
Our preference:
under pressure below 119510.
Alternative scenario:
above 119510, look for 127380 and 132070.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 114072 and 114367).
Supports and resistances:
132070 **
127380 *
119510 **
116410
112938 last
102330
97720 **
93100 *
88490 **
Our preference:
under pressure below 119510.
Alternative scenario:
above 119510, look for 127380 and 132070.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 114072 and 114367).
Supports and resistances:
132070 **
127380 *
119510 **
116410
112938 last
102330
97720 **
93100 *
88490 **
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