Bitcoin Intraday: rebound towards 123790
Oct 8, 2025 4:02 AM
rebound towards 123790.
120360 is our pivot point.
Our preference:
rebound towards 123790.
Alternative scenario:
the downside breakout of 120360 would call for 119030 and 118230.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 121803 and 122853).
Supports and resistances:
125380 **
124580 *
123790 **
123000
121407 last
120880
120360 **
119030 *
118230 **
Our preference:
rebound towards 123790.
Alternative scenario:
the downside breakout of 120360 would call for 119030 and 118230.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 121803 and 122853).
Supports and resistances:
125380 **
124580 *
123790 **
123000
121407 last
120880
120360 **
119030 *
118230 **
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