Bitcoin Intraday: the downside prevails as long as 119920 is resistance
Jul 28, 2025 12:59 PM
the downside prevails as long as 119920 is resistance.
Our pivot point is at 119920.
Our preference:
the downside prevails as long as 119920 is resistance.
Alternative scenario:
the upside breakout of 119920, would call for 121120 and 121830.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 119088 and 119044).
Supports and resistances:
121830 **
121120 *
119920 **
119450
118870 last
117430
116720 **
116000 *
115290 **
Our preference:
the downside prevails as long as 119920 is resistance.
Alternative scenario:
the upside breakout of 119920, would call for 121120 and 121830.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 119088 and 119044).
Supports and resistances:
121830 **
121120 *
119920 **
119450
118870 last
117430
116720 **
116000 *
115290 **
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