Bitcoin Intraday: as long as 117370 is support look for 120690
Jul 31, 2025 12:59 PM
as long as 117370 is support look for 120690.
Our pivot point stands at 117370.
Our preference:
as long as 117370 is support look for 120690.
Alternative scenario:
the downside breakout of 117370 would call for 116190 and 115490.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 118498 and 117999).
Supports and resistances:
122100 **
121390 *
120690 **
119980
118571 last
117840
117370 **
116190 *
115490 **
Our preference:
as long as 117370 is support look for 120690.
Alternative scenario:
the downside breakout of 117370 would call for 116190 and 115490.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 118498 and 117999).
Supports and resistances:
122100 **
121390 *
120690 **
119980
118571 last
117840
117370 **
116190 *
115490 **
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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