Bitcoin Intraday: our next up target stands at 116110
Aug 6, 2025 12:04 AM
our next up target stands at 116110.
113240 is our pivot point.
Our preference:
our next up target stands at 116110.
Alternative scenario:
below 113240, expect 112120 and 111460.
Comment:
the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 113560 and 114104).
Supports and resistances:
117430 **
116770 *
116110 **
115450
114122 last
113670
113240 **
112120 *
111460 **
Our preference:
our next up target stands at 116110.
Alternative scenario:
below 113240, expect 112120 and 111460.
Comment:
the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 113560 and 114104).
Supports and resistances:
117430 **
116770 *
116110 **
115450
114122 last
113670
113240 **
112120 *
111460 **
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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