Bitcoin Intraday: as long as 117890 is support look for 121120
Jul 29, 2025 12:59 PM
as long as 117890 is support look for 121120.
Our pivot point stands at 117890.
Our preference:
as long as 117890 is support look for 121120.
Alternative scenario:
the downside breakout of 117890 would call for 116700 and 116000.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 118707 and 118340).
Supports and resistances:
122540 **
121830 *
121120 **
120420
118887 last
118360
117890 **
116700 *
116000 **
Our preference:
as long as 117890 is support look for 121120.
Alternative scenario:
the downside breakout of 117890 would call for 116700 and 116000.
Comment:
the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 118707 and 118340).
Supports and resistances:
122540 **
121830 *
121120 **
120420
118887 last
118360
117890 **
116700 *
116000 **
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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