Bitcoin Intraday: the downside prevails as long as 109260 is resistance
Jul 7, 2025 7:50 PM
the downside prevails as long as 109260 is resistance.
Our pivot point stands at 109260.
Our preference:
the downside prevails as long as 109260 is resistance.
Alternative scenario:
the upside breakout of 109260, would call for 110520 and 111280.
Comment:
the RSI is below its neutrality area at 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 108298 and 108761).
Supports and resistances:
111280 **
110520 *
109260 **
108770
108111 last
106610
105860 **
105110 *
104360 **
Our preference:
the downside prevails as long as 109260 is resistance.
Alternative scenario:
the upside breakout of 109260, would call for 110520 and 111280.
Comment:
the RSI is below its neutrality area at 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 108298 and 108761).
Supports and resistances:
111280 **
110520 *
109260 **
108770
108111 last
106610
105860 **
105110 *
104360 **
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