Bitcoin Intraday: below its lower Bollinger band
Jul 17, 2025 2:02 AM
the downside prevails as long as 119180 is resistance.
Our pivot point stands at 119180.
Our preference:
the downside prevails as long as 119180 is resistance.
Alternative scenario:
above 119180, look for 120430 and 121180.
Comment:
the RSI is below 50. 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 119148 and 118698). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (118139).
Supports and resistances:
121180 **
120430 *
119180 **
118690
118127 last
116640
115890 **
115150 *
114400 **
Our preference:
the downside prevails as long as 119180 is resistance.
Alternative scenario:
above 119180, look for 120430 and 121180.
Comment:
the RSI is below 50. 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 119148 and 118698). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (118139).
Supports and resistances:
121180 **
120430 *
119180 **
118690
118127 last
116640
115890 **
115150 *
114400 **
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