Bitcoin Intraday: the upside prevails as long as 120460 is support
Oct 10, 2025 12:59 PM
the upside prevails as long as 120460 is support.
120460 is our pivot point.
Our preference:
the upside prevails as long as 120460 is support.
Alternative scenario:
the downside breakout of 120460 would call for 119130 and 118330.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 121433 and 121483).
Supports and resistances:
125560 **
124770 *
123970 **
123180
121590 last
120990
120460 **
119130 *
118330 **
Our preference:
the upside prevails as long as 120460 is support.
Alternative scenario:
the downside breakout of 120460 would call for 119130 and 118330.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 121433 and 121483).
Supports and resistances:
125560 **
124770 *
123970 **
123180
121590 last
120990
120460 **
119130 *
118330 **
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