Bitcoin Intraday: the downside prevails as long as 121050 is resistance

Jul 14, 2025 7:50 PM

the downside prevails as long as 121050 is resistance.

121050 is our pivot point.
Our preference:
the downside prevails as long as 121050 is resistance.
Alternative scenario:
the upside breakout of 121050, would call for 122320 and 123080.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 120814 and 120560).
Supports and resistances:
123080 **
122320 *
121050 **
120550
119752 last
118240
117490 **
116730 *
115980 **

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