Bitcoin Intraday: below its lower Bollinger band
Jul 28, 2025 8:40 AM
under pressure below 119970.
Our pivot point stands at 119970.
Our preference:
under pressure below 119970.
Alternative scenario:
above 119970, look for 121170 and 121880.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 119309 and 118919). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (118859).
Supports and resistances:
121880 **
121170 *
119970 **
119500
118843 last
117380
116670 **
115950 *
115240 **
Our preference:
under pressure below 119970.
Alternative scenario:
above 119970, look for 121170 and 121880.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 119309 and 118919). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (118859).
Supports and resistances:
121880 **
121170 *
119970 **
119500
118843 last
117380
116670 **
115950 *
115240 **
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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