Bitcoin Intraday: below its lower Bollinger band

Aug 11, 2025 12:59 PM

under pressure below 121120.

Our pivot point stands at 121120.
Our preference:
under pressure below 121120.
Alternative scenario:
the upside breakout of 121120, would call for 122290 and 122980.
Comment:
the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 121396 and 119927). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (119980).
Supports and resistances:
122980 **
122290 *
121120 **
120660
119551 last
118150
117460 **
116760 *
116070 **

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