Bitcoin Intraday: below its lower Bollinger band
Jul 21, 2025 7:47 PM
the downside prevails as long as 118140 is resistance.
Our pivot point is at 118140.
Our preference:
the downside prevails as long as 118140 is resistance.
Alternative scenario:
the upside breakout of 118140, would call for 119380 and 120120.
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 118182 and 118221). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 116983).
Supports and resistances:
120120 **
119380 *
118140 **
117650
116878 last
115400
114660 **
113930 *
113190 **
Our preference:
the downside prevails as long as 118140 is resistance.
Alternative scenario:
the upside breakout of 118140, would call for 119380 and 120120.
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 118182 and 118221). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 116983).
Supports and resistances:
120120 **
119380 *
118140 **
117650
116878 last
115400
114660 **
113930 *
113190 **
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