Bitcoin Intraday: target 116440
Jul 17, 2025 12:07 AM
target 116440.
119700 is our pivot point.
Our preference:
target 116440.
Alternative scenario:
above 119700, look for 120960 and 121710.
Comment:
the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (119273) but above its 50 period moving average (118634).
Supports and resistances:
121710 **
120960 *
119700 **
119210
118704 last
117190
116440 **
115690 *
114950 **
Our preference:
target 116440.
Alternative scenario:
above 119700, look for 120960 and 121710.
Comment:
the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (119273) but above its 50 period moving average (118634).
Supports and resistances:
121710 **
120960 *
119700 **
119210
118704 last
117190
116440 **
115690 *
114950 **
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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