Bitcoin Intraday: our next up target stands at 119920
Jul 31, 2025 12:08 AM
our next up target stands at 119920.
116900 is our pivot point.
Our preference:
our next up target stands at 119920.
Alternative scenario:
below 116900, expect 115720 and 115020.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 117506 and 117779).
Supports and resistances:
121330 **
120620 *
119920 **
119220
117821 last
117360
116900 **
115720 *
115020 **
Our preference:
our next up target stands at 119920.
Alternative scenario:
below 116900, expect 115720 and 115020.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 117506 and 117779).
Supports and resistances:
121330 **
120620 *
119920 **
119220
117821 last
117360
116900 **
115720 *
115020 **
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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