Bitcoin Intraday: under pressure below 119520
Jul 21, 2025 12:59 PM
under pressure below 119520.
Our pivot point is at 119520.
Our preference:
under pressure below 119520.
Alternative scenario:
the upside breakout of 119520, would call for 120780 and 121520.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 118708 and 118312).
Supports and resistances:
121520 **
120780 *
119520 **
119030
118211 last
116700
115950 **
115210 *
114460 **
Our preference:
under pressure below 119520.
Alternative scenario:
the upside breakout of 119520, would call for 120780 and 121520.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 118708 and 118312).
Supports and resistances:
121520 **
120780 *
119520 **
119030
118211 last
116700
115950 **
115210 *
114460 **
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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