Bitcoin Short Term: target 99990
Aug 5, 2025 10:06 AM
target 99990.
121200 is our pivot point.
Our preference:
target 99990.
Alternative scenario:
above 121200, look for 128970 and 133600.
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 (117068) but above its 50 period moving average (112446).
Supports and resistances:
133600 **
128970 *
121200 **
118150
114603 last
104560
99990 **
95420 *
90850 **
Our preference:
target 99990.
Alternative scenario:
above 121200, look for 128970 and 133600.
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 (117068) but above its 50 period moving average (112446).
Supports and resistances:
133600 **
128970 *
121200 **
118150
114603 last
104560
99990 **
95420 *
90850 **
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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