Bitcoin Intraday: the downside prevails as long as 119350 is resistance
Jul 25, 2025 12:03 AM
the downside prevails as long as 119350 is resistance.
Our pivot point stands at 119350.
Our preference:
the downside prevails as long as 119350 is resistance.
Alternative scenario:
above 119350, look for 120540 and 121250.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 118840 and 118648).
Supports and resistances:
121250 **
120540 *
119350 **
118880
118390 last
116970
116260 **
115550 *
114840 **
Our preference:
the downside prevails as long as 119350 is resistance.
Alternative scenario:
above 119350, look for 120540 and 121250.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 118840 and 118648).
Supports and resistances:
121250 **
120540 *
119350 **
118880
118390 last
116970
116260 **
115550 *
114840 **
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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