Bitcoin Intraday: the upside prevails as long as 118850 is support
Aug 12, 2025 7:49 PM
the upside prevails as long as 118850 is support.
Our pivot point is at 118850.
Our preference:
the upside prevails as long as 118850 is support.
Alternative scenario:
the downside breakout of 118850 would call for 117760 and 117120.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 119219 and 119022).
Supports and resistances:
123190 **
122540 *
121900 **
121250
119702 last
119280
118850 **
117760 *
117120 **
Our preference:
the upside prevails as long as 118850 is support.
Alternative scenario:
the downside breakout of 118850 would call for 117760 and 117120.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 119219 and 119022).
Supports and resistances:
123190 **
122540 *
121900 **
121250
119702 last
119280
118850 **
117760 *
117120 **
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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