Bitcoin Intraday: as long as 116860 is support look for 120120
Jul 11, 2025 1:02 PM
as long as 116860 is support look for 120120.
Our pivot point stands at 116860.
Our preference:
as long as 116860 is support look for 120120.
Alternative scenario:
below 116860, expect 115610 and 114870.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 117750 and 115484).
Supports and resistances:
121610 **
120860 *
120120 **
119380
117842 last
117350
116860 **
115610 *
114870 **
Our preference:
as long as 116860 is support look for 120120.
Alternative scenario:
below 116860, expect 115610 and 114870.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 117750 and 115484).
Supports and resistances:
121610 **
120860 *
120120 **
119380
117842 last
117350
116860 **
115610 *
114870 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
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