Bitcoin Intraday: our next up target stands at 121180
Aug 12, 2025 12:59 PM
our next up target stands at 121180.
Our pivot point is at 117650.
Our preference:
our next up target stands at 121180.
Alternative scenario:
the downside breakout of 117650 would call for 116580 and 115940.
Comment:
the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 118769 and 119140).
Supports and resistances:
122470 **
121830 *
121180 **
120540
119212 last
118070
117650 **
116580 *
115940 **
Our preference:
our next up target stands at 121180.
Alternative scenario:
the downside breakout of 117650 would call for 116580 and 115940.
Comment:
the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 118769 and 119140).
Supports and resistances:
122470 **
121830 *
121180 **
120540
119212 last
118070
117650 **
116580 *
115940 **
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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