Bitcoin Intraday: the upside prevails as long as 117850 is support
Jul 29, 2025 8:40 AM
the upside prevails as long as 117850 is support.
Our pivot point stands at 117850.
Our preference:
the upside prevails as long as 117850 is support.
Alternative scenario:
below 117850, expect 116650 and 115940.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 118441 and 118369).
Supports and resistances:
122440 **
121730 *
121020 **
120300
118879 last
118320
117850 **
116650 *
115940 **
Our preference:
the upside prevails as long as 117850 is support.
Alternative scenario:
below 117850, expect 116650 and 115940.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 118441 and 118369).
Supports and resistances:
122440 **
121730 *
121020 **
120300
118879 last
118320
117850 **
116650 *
115940 **
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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