Bitcoin Intraday: as long as 116010 is support look for 118940
Aug 8, 2025 2:02 AM
as long as 116010 is support look for 118940.
Our pivot point is at 116010.
Our preference:
as long as 116010 is support look for 118940.
Alternative scenario:
the downside breakout of 116010 would call for 114870 and 114200.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (117043) but above its 50 period moving average (116107).
Supports and resistances:
120300 **
119620 *
118940 **
118260
116909 last
116460
116010 **
114870 *
114200 **
Our preference:
as long as 116010 is support look for 118940.
Alternative scenario:
the downside breakout of 116010 would call for 114870 and 114200.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (117043) but above its 50 period moving average (116107).
Supports and resistances:
120300 **
119620 *
118940 **
118260
116909 last
116460
116010 **
114870 *
114200 **
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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