Bitcoin Intraday: the upside prevails as long as 118340 is support
Aug 11, 2025 12:03 AM
the upside prevails as long as 118340 is support.
Our pivot point stands at 118340.
Our preference:
the upside prevails as long as 118340 is support.
Alternative scenario:
below 118340, expect 117180 and 116490.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 118688 and 118222).
Supports and resistances:
122760 **
122070 *
121380 **
120680
119255 last
118800
118340 **
117180 *
116490 **
Our preference:
the upside prevails as long as 118340 is support.
Alternative scenario:
below 118340, expect 117180 and 116490.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 118688 and 118222).
Supports and resistances:
122760 **
122070 *
121380 **
120680
119255 last
118800
118340 **
117180 *
116490 **
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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