Bitcoin Intraday: the upside prevails as long as 119340 is support
Jul 18, 2025 2:03 AM
the upside prevails as long as 119340 is support.
Our pivot point stands at 119340.
Our preference:
the upside prevails as long as 119340 is support.
Alternative scenario:
below 119340, expect 118060 and 117300.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 119687 and 118913).
Supports and resistances:
124250 **
123490 *
122730 **
121970
120337 last
119840
119340 **
118060 *
117300 **
Our preference:
the upside prevails as long as 119340 is support.
Alternative scenario:
below 119340, expect 118060 and 117300.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 119687 and 118913).
Supports and resistances:
124250 **
123490 *
122730 **
121970
120337 last
119840
119340 **
118060 *
117300 **
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
87198.65
-455.5100000000093
-52.00%
