Bitcoin Intraday: the downside prevails as long as 107890 is resistance
Jul 1, 2025 6:50 AM
the downside prevails as long as 107890 is resistance.
Our pivot point is at 107890.
Our preference:
the downside prevails as long as 107890 is resistance.
Alternative scenario:
the upside breakout of 107890, would call for 109140 and 109890.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 107149 and 107417).
Supports and resistances:
109890 **
109140 *
107890 **
107390
106896 last
105320
104570 **
103820 *
103070 **
Our preference:
the downside prevails as long as 107890 is resistance.
Alternative scenario:
the upside breakout of 107890, would call for 109140 and 109890.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 107149 and 107417).
Supports and resistances:
109890 **
109140 *
107890 **
107390
106896 last
105320
104570 **
103820 *
103070 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
Related Instruments
Bitcoin
87471.23
-54.970000000001164
-6.30%
