Bitcoin Intraday: below its lower Bollinger band
Aug 1, 2025 7:47 PM
the downside prevails as long as 114730 is resistance.
Our pivot point stands at 114730.
Our preference:
the downside prevails as long as 114730 is resistance.
Alternative scenario:
above 114730, look for 115870 and 116540.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 114816 and 115348). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (113294).
Supports and resistances:
116540 **
115870 *
114730 **
114280
113280 last
111900
111220 **
110550 *
109870 **
Our preference:
the downside prevails as long as 114730 is resistance.
Alternative scenario:
above 114730, look for 115870 and 116540.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 114816 and 115348). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (113294).
Supports and resistances:
116540 **
115870 *
114730 **
114280
113280 last
111900
111220 **
110550 *
109870 **
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