Bitcoin Intraday: the downside prevails as long as 118830 is resistance
Jul 30, 2025 12:59 PM
the downside prevails as long as 118830 is resistance.
118830 is our pivot point.
Our preference:
the downside prevails as long as 118830 is resistance.
Alternative scenario:
above 118830, look for 120010 and 120710.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 118060 and 117929).
Supports and resistances:
120710 **
120010 *
118830 **
118370
117825 last
116200
115500 **
114800 *
114100 **
Our preference:
the downside prevails as long as 118830 is resistance.
Alternative scenario:
above 118830, look for 120010 and 120710.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 118060 and 117929).
Supports and resistances:
120710 **
120010 *
118830 **
118370
117825 last
116200
115500 **
114800 *
114100 **
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