Bitcoin Intraday: the downside prevails as long as 117640 is resistance
Aug 8, 2025 8:41 AM
the downside prevails as long as 117640 is resistance.
Our pivot point stands at 117640.
Our preference:
the downside prevails as long as 117640 is resistance.
Alternative scenario:
the upside breakout of 117640, would call for 118770 and 119450.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 116899 and 116661).
Supports and resistances:
119450 **
118770 *
117640 **
117190
116517 last
115140
114460 **
113790 *
113110 **
Our preference:
the downside prevails as long as 117640 is resistance.
Alternative scenario:
the upside breakout of 117640, would call for 118770 and 119450.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 116899 and 116661).
Supports and resistances:
119450 **
118770 *
117640 **
117190
116517 last
115140
114460 **
113790 *
113110 **
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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