Bitcoin Intraday: the downside prevails as long as 118920 is resistance
Jul 18, 2025 7:47 PM
the downside prevails as long as 118920 is resistance.
Our pivot point is at 118920.
Our preference:
the downside prevails as long as 118920 is resistance.
Alternative scenario:
the upside breakout of 118920, would call for 120170 and 120910.
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 118317 and 119239).
Supports and resistances:
120910 **
120170 *
118920 **
118430
117544 last
116060
115320 **
114580 *
113840 **
Our preference:
the downside prevails as long as 118920 is resistance.
Alternative scenario:
the upside breakout of 118920, would call for 120170 and 120910.
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 118317 and 119239).
Supports and resistances:
120910 **
120170 *
118920 **
118430
117544 last
116060
115320 **
114580 *
113840 **
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