Bitcoin Intraday: rebound towards 121110

Aug 12, 2025 2:02 AM

rebound towards 121110.

118080 is our pivot point.
Our preference:
rebound towards 121110.
Alternative scenario:
the downside breakout of 118080 would call for 116920 and 116230.
Comment:
the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 119117 and 120278).
Supports and resistances:
122490 **
121800 *
121110 **
120420
118987 last
118530
118080 **
116920 *
116230 **

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