Bitcoin Intraday: target 111910
Aug 6, 2025 12:59 PM
target 111910.
Our pivot point is at 115060.
Our preference:
target 111910.
Alternative scenario:
the upside breakout of 115060, would call for 116170 and 116830.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (113942) but above its 50 period moving average (113774).
Supports and resistances:
116830 **
116170 *
115060 **
114620
113917 last
112570
111910 **
111250 *
110590 **
Our preference:
target 111910.
Alternative scenario:
the upside breakout of 115060, would call for 116170 and 116830.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (113942) but above its 50 period moving average (113774).
Supports and resistances:
116830 **
116170 *
115060 **
114620
113917 last
112570
111910 **
111250 *
110590 **
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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