Bitcoin Intraday: as long as 120840 is support look for 124160
Jul 14, 2025 1:02 PM
as long as 120840 is support look for 124160.
Our pivot point is at 120840.
Our preference:
as long as 120840 is support look for 124160.
Alternative scenario:
the downside breakout of 120840 would call for 119550 and 118780.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (121929) but above its 50 period moving average (120162).
Supports and resistances:
125690 **
124930 *
124160 **
123390
121854 last
121350
120840 **
119550 *
118780 **
Our preference:
as long as 120840 is support look for 124160.
Alternative scenario:
the downside breakout of 120840 would call for 119550 and 118780.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (121929) but above its 50 period moving average (120162).
Supports and resistances:
125690 **
124930 *
124160 **
123390
121854 last
121350
120840 **
119550 *
118780 **
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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