Bitcoin Intraday: rebound towards 121040
Aug 12, 2025 6:47 AM
rebound towards 121040.
Our pivot point stands at 117950.
Our preference:
rebound towards 121040.
Alternative scenario:
the downside breakout of 117950 would call for 116800 and 116110.
Comment:
the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (118883) but below its 50 period moving average (119795).
Supports and resistances:
122420 **
121730 *
121040 **
120350
118887 last
118410
117950 **
116800 *
116110 **
Our preference:
rebound towards 121040.
Alternative scenario:
the downside breakout of 117950 would call for 116800 and 116110.
Comment:
the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (118883) but below its 50 period moving average (119795).
Supports and resistances:
122420 **
121730 *
121040 **
120350
118887 last
118410
117950 **
116800 *
116110 **
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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