Bitcoin Intraday: the upside prevails as long as 118260 is support
Jul 21, 2025 8:41 AM
the upside prevails as long as 118260 is support.
118260 is our pivot point.
Our preference:
the upside prevails as long as 118260 is support.
Alternative scenario:
below 118260, expect 116990 and 116240.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 118297 and 118238).
Supports and resistances:
123130 **
122380 *
121620 **
120870
119264 last
118750
118260 **
116990 *
116240 **
Our preference:
the upside prevails as long as 118260 is support.
Alternative scenario:
below 118260, expect 116990 and 116240.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 118297 and 118238).
Supports and resistances:
123130 **
122380 *
121620 **
120870
119264 last
118750
118260 **
116990 *
116240 **
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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