Bitcoin Intraday: below its lower Bollinger band
Jul 18, 2025 8:41 AM
the downside prevails as long as 120200 is resistance.
Our pivot point is at 120200.
Our preference:
the downside prevails as long as 120200 is resistance.
Alternative scenario:
the upside breakout of 120200, would call for 121460 and 122210.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 119985 and 119347). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 118958).
Supports and resistances:
122210 **
121460 *
120200 **
119700
118800 last
117260
116510 **
115760 *
115010 **
Our preference:
the downside prevails as long as 120200 is resistance.
Alternative scenario:
the upside breakout of 120200, would call for 121460 and 122210.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 119985 and 119347). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 118958).
Supports and resistances:
122210 **
121460 *
120200 **
119700
118800 last
117260
116510 **
115760 *
115010 **
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