Bitcoin Short Term: the upside prevails as long as 112590 is support
Aug 12, 2025 10:05 AM
the upside prevails as long as 112590 is support.
Our pivot point stands at 112590.
Our preference:
the upside prevails as long as 112590 is support.
Alternative scenario:
the downside breakout of 112590 would call for 105150 and 100720.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 116712 and 114359).
Supports and resistances:
141500 **
137040 *
132580 **
128120
118444 last
115510
112590 **
105150 *
100720 **
Our preference:
the upside prevails as long as 112590 is support.
Alternative scenario:
the downside breakout of 112590 would call for 105150 and 100720.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 116712 and 114359).
Supports and resistances:
141500 **
137040 *
132580 **
128120
118444 last
115510
112590 **
105150 *
100720 **
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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