Bitcoin Intraday: the downside prevails as long as 118870 is resistance
Jul 20, 2025 6:47 AM
the downside prevails as long as 118870 is resistance.
Our pivot point is at 118870.
Our preference:
the downside prevails as long as 118870 is resistance.
Alternative scenario:
above 118870, look for 120120 and 120860.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 117925 and 118064).
Supports and resistances:
120860 **
120120 *
118870 **
118380
117877 last
116380
115640 **
114900 *
114150 **
Our preference:
the downside prevails as long as 118870 is resistance.
Alternative scenario:
above 118870, look for 120120 and 120860.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 117925 and 118064).
Supports and resistances:
120860 **
120120 *
118870 **
118380
117877 last
116380
115640 **
114900 *
114150 **
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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