Bitcoin Intraday: the downside prevails as long as 120180 is resistance
Aug 13, 2025 6:47 AM
the downside prevails as long as 120180 is resistance.
Our pivot point is at 120180.
Our preference:
the downside prevails as long as 120180 is resistance.
Alternative scenario:
the upside breakout of 120180, would call for 121260 and 121900.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 119608 and 119341).
Supports and resistances:
121900 **
121260 *
120180 **
119750
119200 last
117880
117230 **
116590 *
115950 **
Our preference:
the downside prevails as long as 120180 is resistance.
Alternative scenario:
the upside breakout of 120180, would call for 121260 and 121900.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 119608 and 119341).
Supports and resistances:
121900 **
121260 *
120180 **
119750
119200 last
117880
117230 **
116590 *
115950 **
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