Bitcoin Intraday: the downside prevails as long as 120440 is resistance
Aug 11, 2025 7:50 PM
the downside prevails as long as 120440 is resistance.
Our pivot point stands at 120440.
Our preference:
the downside prevails as long as 120440 is resistance.
Alternative scenario:
the upside breakout of 120440, would call for 121600 and 122290.
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 is trading under both its 20 and 50 period moving average (respectively at 120039 and 120272).
Supports and resistances:
122290 **
121600 *
120440 **
119980
119111 last
117730
117040 **
116350 *
115660 **
Our preference:
the downside prevails as long as 120440 is resistance.
Alternative scenario:
the upside breakout of 120440, would call for 121600 and 122290.
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 is trading under both its 20 and 50 period moving average (respectively at 120039 and 120272).
Supports and resistances:
122290 **
121600 *
120440 **
119980
119111 last
117730
117040 **
116350 *
115660 **
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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