Bitcoin Intraday: the downside prevails as long as 108900 is resistance
Jul 8, 2025 4:05 AM
the downside prevails as long as 108900 is resistance.
Our pivot point is at 108900.
Our preference:
the downside prevails as long as 108900 is resistance.
Alternative scenario:
above 108900, look for 110160 and 110910.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 108034 and 108401).
Supports and resistances:
110910 **
110160 *
108900 **
108410
107893 last
106400
105650 **
104900 *
104150 **
Our preference:
the downside prevails as long as 108900 is resistance.
Alternative scenario:
above 108900, look for 110160 and 110910.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 108034 and 108401).
Supports and resistances:
110910 **
110160 *
108900 **
108410
107893 last
106400
105650 **
104900 *
104150 **
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