Bitcoin Intraday: the upside prevails as long as 117460 is support
Jul 31, 2025 6:47 AM
the upside prevails as long as 117460 is support.
Our pivot point is at 117460.
Our preference:
the upside prevails as long as 117460 is support.
Alternative scenario:
below 117460, expect 116280 and 115580.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 118056 and 117894).
Supports and resistances:
122070 **
121360 *
120660 **
119950
118542 last
117930
117460 **
116280 *
115580 **
Our preference:
the upside prevails as long as 117460 is support.
Alternative scenario:
below 117460, expect 116280 and 115580.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 118056 and 117894).
Supports and resistances:
122070 **
121360 *
120660 **
119950
118542 last
117930
117460 **
116280 *
115580 **
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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