Bitcoin Intraday: target 112160
Aug 4, 2025 6:47 AM
target 112160.
115340 is our pivot point.
Our preference:
target 112160.
Alternative scenario:
the upside breakout of 115340, would call for 116480 and 117160.
Comment:
the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (114492) but above its 50 period moving average (114140).
Supports and resistances:
117160 **
116480 *
115340 **
114890
114332 last
112840
112160 **
111480 *
110800 **
Our preference:
target 112160.
Alternative scenario:
the upside breakout of 115340, would call for 116480 and 117160.
Comment:
the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (114492) but above its 50 period moving average (114140).
Supports and resistances:
117160 **
116480 *
115340 **
114890
114332 last
112840
112160 **
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.
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