Bitcoin Intraday: the downside prevails as long as 108730 is resistance
Jul 8, 2025 2:05 AM
the downside prevails as long as 108730 is resistance.
Our pivot point is at 108730.
Our preference:
the downside prevails as long as 108730 is resistance.
Alternative scenario:
above 108730, look for 109990 and 110740.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 108030 and 108518).
Supports and resistances:
110740 **
109990 *
108730 **
108240
107721 last
106230
105480 **
104730 *
103980 **
Our preference:
the downside prevails as long as 108730 is resistance.
Alternative scenario:
above 108730, look for 109990 and 110740.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 108030 and 108518).
Supports and resistances:
110740 **
109990 *
108730 **
108240
107721 last
106230
105480 **
104730 *
103980 **
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