Bitcoin Intraday: as long as 117950 is support look for 121500
Jul 16, 2025 7:48 PM
as long as 117950 is support look for 121500.
Our pivot point stands at 117950.
Our preference:
as long as 117950 is support look for 121500.
Alternative scenario:
below 117950, expect 116690 and 115940.
Comment:
the RSI is above its neutrality area at 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 119065 and 118247).
Supports and resistances:
123010 **
122260 *
121500 **
120750
119100 last
118440
117950 **
116690 *
115940 **
Our preference:
as long as 117950 is support look for 121500.
Alternative scenario:
below 117950, expect 116690 and 115940.
Comment:
the RSI is above its neutrality area at 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 119065 and 118247).
Supports and resistances:
123010 **
122260 *
121500 **
120750
119100 last
118440
117950 **
116690 *
115940 **
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
87062.72
-591.4400000000023
-67.50%
