Bitcoin Intraday: rebound towards 118540
Aug 8, 2025 7:47 PM
rebound towards 118540.
Our pivot point is at 115510.
Our preference:
rebound towards 118540.
Alternative scenario:
the downside breakout of 115510 would call for 114370 and 113700.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 116549 and 116818).
Supports and resistances:
119890 **
119220 *
118540 **
117860
116491 last
115950
115510 **
114370 *
113700 **
Our preference:
rebound towards 118540.
Alternative scenario:
the downside breakout of 115510 would call for 114370 and 113700.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 116549 and 116818).
Supports and resistances:
119890 **
119220 *
118540 **
117860
116491 last
115950
115510 **
114370 *
113700 **
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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Bitcoin
69050.31
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