Bitcoin Intraday: the upside prevails as long as 112610 is support
Aug 3, 2025 6:47 AM
the upside prevails as long as 112610 is support.
Our pivot point stands at 112610.
Our preference:
the upside prevails as long as 112610 is support.
Alternative scenario:
the downside breakout of 112610 would call for 111480 and 110800.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 113110 and 113195).
Supports and resistances:
116950 **
116270 *
115600 **
114920
113502 last
113060
112610 **
111480 *
110800 **
Our preference:
the upside prevails as long as 112610 is support.
Alternative scenario:
the downside breakout of 112610 would call for 111480 and 110800.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 113110 and 113195).
Supports and resistances:
116950 **
116270 *
115600 **
114920
113502 last
113060
112610 **
111480 *
110800 **
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
87702.61
-618.4199999999983
-70.00%
