Bitcoin Intraday: the upside prevails as long as 118510 is support
Jul 28, 2025 12:02 AM
the upside prevails as long as 118510 is support.
Our pivot point is at 118510.
Our preference:
the upside prevails as long as 118510 is support.
Alternative scenario:
the downside breakout of 118510 would call for 117310 and 116590.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 119123 and 118543).
Supports and resistances:
123080 **
122360 *
121650 **
120930
119460 last
118980
118510 **
117310 *
116590 **
Our preference:
the upside prevails as long as 118510 is support.
Alternative scenario:
the downside breakout of 118510 would call for 117310 and 116590.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 119123 and 118543).
Supports and resistances:
123080 **
122360 *
121650 **
120930
119460 last
118980
118510 **
117310 *
116590 **
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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