Bitcoin Intraday: the upside prevails as long as 108430 is support
Jul 9, 2025 1:02 PM
the upside prevails as long as 108430 is support.
Our pivot point stands at 108430.
Our preference:
the upside prevails as long as 108430 is support.
Alternative scenario:
the downside breakout of 108430 would call for 107280 and 106590.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 108828 and 108798).
Supports and resistances:
112810 **
112120 *
111430 **
110740
109364 last
108890
108430 **
107280 *
106590 **
Our preference:
the upside prevails as long as 108430 is support.
Alternative scenario:
the downside breakout of 108430 would call for 107280 and 106590.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 108828 and 108798).
Supports and resistances:
112810 **
112120 *
111430 **
110740
109364 last
108890
108430 **
107280 *
106590 **
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