Bitcoin Intraday: rebound towards 116500
Aug 5, 2025 12:59 PM
rebound towards 116500.
Our pivot point stands at 112680.
Our preference:
rebound towards 116500.
Alternative scenario:
the downside breakout of 112680 would call for 111570 and 110920.
Comment:
the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 114424 and 114731).
Supports and resistances:
117830 **
117160 *
116500 **
115830
114053 last
113120
112680 **
111570 *
110920 **
Our preference:
rebound towards 116500.
Alternative scenario:
the downside breakout of 112680 would call for 111570 and 110920.
Comment:
the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 114424 and 114731).
Supports and resistances:
117830 **
117160 *
116500 **
115830
114053 last
113120
112680 **
111570 *
110920 **
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
87758.05
-562.9799999999959
-63.70%
