Bitcoin Intraday: as long as 116880 is support look for 120220
Jul 11, 2025 7:50 PM
as long as 116880 is support look for 120220.
Our pivot point stands at 116880.
Our preference:
as long as 116880 is support look for 120220.
Alternative scenario:
the downside breakout of 116880 would call for 115630 and 114890.
Comment:
the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 117726 and 116933).
Supports and resistances:
121700 **
120960 *
120220 **
119470
117943 last
117370
116880 **
115630 *
114890 **
Our preference:
as long as 116880 is support look for 120220.
Alternative scenario:
the downside breakout of 116880 would call for 115630 and 114890.
Comment:
the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 117726 and 116933).
Supports and resistances:
121700 **
120960 *
120220 **
119470
117943 last
117370
116880 **
115630 *
114890 **
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.
Related Instruments
Bitcoin
87601.94
-52.220000000001164
-6.00%
