Bitcoin Intraday: below its lower Bollinger band
Jul 31, 2025 7:49 PM
the downside prevails as long as 118060 is resistance.
Our pivot point is at 118060.
Our preference:
the downside prevails as long as 118060 is resistance.
Alternative scenario:
above 118060, look for 119230 and 119930.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 118098 and 118050). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (117153).
Supports and resistances:
119930 **
119230 *
118060 **
117600
116928 last
115450
114750 **
114060 *
113360 **
Our preference:
the downside prevails as long as 118060 is resistance.
Alternative scenario:
above 118060, look for 119230 and 119930.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 118098 and 118050). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (117153).
Supports and resistances:
119930 **
119230 *
118060 **
117600
116928 last
115450
114750 **
114060 *
113360 **
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.
Related Instruments
Bitcoin
87548.81
-105.35000000000582
-12.00%
