Bitcoin Intraday: the downside prevails as long as 117510 is resistance
Aug 9, 2025 7:47 PM
the downside prevails as long as 117510 is resistance.
117510 is our pivot point.
Our preference:
the downside prevails as long as 117510 is resistance.
Alternative scenario:
the upside breakout of 117510, would call for 118640 and 119320.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 116950 and 116821).
Supports and resistances:
119320 **
118640 *
117510 **
117060
116588 last
115230
114560 **
113880 *
113210 **
Our preference:
the downside prevails as long as 117510 is resistance.
Alternative scenario:
the upside breakout of 117510, would call for 118640 and 119320.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 116950 and 116821).
Supports and resistances:
119320 **
118640 *
117510 **
117060
116588 last
115230
114560 **
113880 *
113210 **
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