Bitcoin Intraday: the upside prevails as long as 118200 is support
Jul 22, 2025 12:59 PM
the upside prevails as long as 118200 is support.
Our pivot point stands at 118200.
Our preference:
the upside prevails as long as 118200 is support.
Alternative scenario:
the downside breakout of 118200 would call for 117000 and 116280.
Comment:
the RSI is above its neutrality area at 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 118089 and 117886).
Supports and resistances:
123020 **
122300 *
121580 **
120870
119365 last
118670
118200 **
117000 *
116280 **
Our preference:
the upside prevails as long as 118200 is support.
Alternative scenario:
the downside breakout of 118200 would call for 117000 and 116280.
Comment:
the RSI is above its neutrality area at 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 118089 and 117886).
Supports and resistances:
123020 **
122300 *
121580 **
120870
119365 last
118670
118200 **
117000 *
116280 **
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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