Bitcoin Intraday: as long as 116540 is support look for 119570
Aug 8, 2025 12:02 AM
as long as 116540 is support look for 119570.
Our pivot point is at 116540.
Our preference:
as long as 116540 is support look for 119570.
Alternative scenario:
the downside breakout of 116540 would call for 115390 and 114710.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 116968 and 115951).
Supports and resistances:
120940 **
120250 *
119570 **
118890
117438 last
116990
116540 **
115390 *
114710 **
Our preference:
as long as 116540 is support look for 119570.
Alternative scenario:
the downside breakout of 116540 would call for 115390 and 114710.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 116968 and 115951).
Supports and resistances:
120940 **
120250 *
119570 **
118890
117438 last
116990
116540 **
115390 *
114710 **
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
87174.43
-1146.6000000000058
-129.80%
