Bitcoin Intraday: as long as 107880 is support look for 110870
Jul 9, 2025 2:05 AM
as long as 107880 is support look for 110870.
Our pivot point stands at 107880.
Our preference:
as long as 107880 is support look for 110870.
Alternative scenario:
the downside breakout of 107880 would call for 106730 and 106050.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (108874) but above its 50 period moving average (108565).
Supports and resistances:
112240 **
111550 *
110870 **
110180
108811 last
108340
107880 **
106730 *
106050 **
Our preference:
as long as 107880 is support look for 110870.
Alternative scenario:
the downside breakout of 107880 would call for 106730 and 106050.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (108874) but above its 50 period moving average (108565).
Supports and resistances:
112240 **
111550 *
110870 **
110180
108811 last
108340
107880 **
106730 *
106050 **
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