Bitcoin Intraday: the downside prevails as long as 107450 is resistance
Jul 1, 2025 1:02 PM
the downside prevails as long as 107450 is resistance.
Our pivot point stands at 107450.
Our preference:
the downside prevails as long as 107450 is resistance.
Alternative scenario:
the upside breakout of 107450, would call for 108690 and 109430.
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 106762 and 107140).
Supports and resistances:
109430 **
108690 *
107450 **
106960
106477 last
105000
104260 **
103520 *
102780 **
Our preference:
the downside prevails as long as 107450 is resistance.
Alternative scenario:
the upside breakout of 107450, would call for 108690 and 109430.
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 106762 and 107140).
Supports and resistances:
109430 **
108690 *
107450 **
106960
106477 last
105000
104260 **
103520 *
102780 **
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