Bitcoin Intraday: rebound towards 120880
Aug 12, 2025 4:02 AM
rebound towards 120880.
Our pivot point stands at 117900.
Our preference:
rebound towards 120880.
Alternative scenario:
below 117900, expect 116740 and 116050.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 118963 and 120093).
Supports and resistances:
122250 **
121560 *
120880 **
120190
118808 last
118350
117900 **
116740 *
116050 **
Our preference:
rebound towards 120880.
Alternative scenario:
below 117900, expect 116740 and 116050.
Comment:
the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 118963 and 120093).
Supports and resistances:
122250 **
121560 *
120880 **
120190
118808 last
118350
117900 **
116740 *
116050 **
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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