Bitcoin Intraday: the upside prevails as long as 117060 is support
Jul 16, 2025 6:39 AM
the upside prevails as long as 117060 is support.
Our pivot point is at 117060.
Our preference:
the upside prevails as long as 117060 is support.
Alternative scenario:
below 117060, expect 115810 and 115060.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 117652 and 117204).
Supports and resistances:
121860 **
121120 *
120370 **
119630
118138 last
117550
117060 **
115810 *
115060 **
Our preference:
the upside prevails as long as 117060 is support.
Alternative scenario:
below 117060, expect 115810 and 115060.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 117652 and 117204).
Supports and resistances:
121860 **
121120 *
120370 **
119630
118138 last
117550
117060 **
115810 *
115060 **
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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