Bitcoin Intraday: as long as 120660 is support look for 123810
Aug 11, 2025 8:40 AM
as long as 120660 is support look for 123810.
120660 is our pivot point.
Our preference:
as long as 120660 is support look for 123810.
Alternative scenario:
below 120660, expect 119480 and 118770.
Comment:
the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 121077 and 119528).
Supports and resistances:
125220 **
124510 *
123810 **
123100
121688 last
121130
120660 **
119480 *
118770 **
Our preference:
as long as 120660 is support look for 123810.
Alternative scenario:
below 120660, expect 119480 and 118770.
Comment:
the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 121077 and 119528).
Supports and resistances:
125220 **
124510 *
123810 **
123100
121688 last
121130
120660 **
119480 *
118770 **
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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