Bitcoin Intraday: the downside prevails as long as 119380 is resistance
Jul 17, 2025 8:41 AM
the downside prevails as long as 119380 is resistance.
Our pivot point stands at 119380.
Our preference:
the downside prevails as long as 119380 is resistance.
Alternative scenario:
above 119380, look for 120630 and 121380.
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 118465 and 118859).
Supports and resistances:
121380 **
120630 *
119380 **
118880
118263 last
116710
115970 **
115220 *
114480 **
Our preference:
the downside prevails as long as 119380 is resistance.
Alternative scenario:
above 119380, look for 120630 and 121380.
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 118465 and 118859).
Supports and resistances:
121380 **
120630 *
119380 **
118880
118263 last
116710
115970 **
115220 *
114480 **
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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