Bitcoin Intraday: the RSI is oversold
Jul 15, 2025 4:05 AM
the downside prevails as long as 118180 is resistance.
Our pivot point is at 118180.
Our preference:
the downside prevails as long as 118180 is resistance.
Alternative scenario:
above 118180, look for 119420 and 120150.
Comment:
the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 119239 and 120564).
Supports and resistances:
120150 **
119420 *
118180 **
117690
117138 last
115620
114890 **
114150 *
113410 **
Our preference:
the downside prevails as long as 118180 is resistance.
Alternative scenario:
above 118180, look for 119420 and 120150.
Comment:
the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 119239 and 120564).
Supports and resistances:
120150 **
119420 *
118180 **
117690
117138 last
115620
114890 **
114150 *
113410 **
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
87373.9
-280.2600000000093
-32.00%
