Bitcoin Intraday: rebound towards 120860
Aug 12, 2025 8:41 AM
rebound towards 120860.
Our pivot point is at 117840.
Our preference:
rebound towards 120860.
Alternative scenario:
the downside breakout of 117840 would call for 116680 and 115990.
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 118908 and 119553).
Supports and resistances:
122240 **
121550 *
120860 **
120170
118750 last
118300
117840 **
116680 *
115990 **
Our preference:
rebound towards 120860.
Alternative scenario:
the downside breakout of 117840 would call for 116680 and 115990.
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 118908 and 119553).
Supports and resistances:
122240 **
121550 *
120860 **
120170
118750 last
118300
117840 **
116680 *
115990 **
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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