Bitcoin Intraday: the upside prevails as long as 116870 is support
Aug 10, 2025 6:47 AM
the upside prevails as long as 116870 is support.
116870 is our pivot point.
Our preference:
the upside prevails as long as 116870 is support.
Alternative scenario:
the downside breakout of 116870 would call for 115720 and 115040.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 117267 and 117071).
Supports and resistances:
121400 **
120720 *
120040 **
119350
117982 last
117320
116870 **
115720 *
115040 **
Our preference:
the upside prevails as long as 116870 is support.
Alternative scenario:
the downside breakout of 116870 would call for 115720 and 115040.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 117267 and 117071).
Supports and resistances:
121400 **
120720 *
120040 **
119350
117982 last
117320
116870 **
115720 *
115040 **
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