Bitcoin Intraday: rebound
Jul 22, 2025 6:47 AM
rebound.
Our pivot point is at 116620.
Our preference:
rebound.
Alternative scenario:
the downside breakout of 116620 would call for 115370 and 114630.
Comment:
the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (117338) but below its 50 period moving average (117948).
Supports and resistances:
121490 **
120750 *
120010 **
119270
117595 last
117110
116620 **
115370 *
114630 **
Our preference:
rebound.
Alternative scenario:
the downside breakout of 116620 would call for 115370 and 114630.
Comment:
the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (117338) but below its 50 period moving average (117948).
Supports and resistances:
121490 **
120750 *
120010 **
119270
117595 last
117110
116620 **
115370 *
114630 **
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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