Bitcoin Intraday: the upside prevails as long as 118250 is support
Aug 15, 2025 8:40 AM
the upside prevails as long as 118250 is support.
Our pivot point is at 118250.
Our preference:
the upside prevails as long as 118250 is support.
Alternative scenario:
the downside breakout of 118250 would call for 117170 and 116530.
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 118870 and 119063).
Supports and resistances:
122460 **
121820 *
121170 **
120530
119234 last
118670
118250 **
117170 *
116530 **
Our preference:
the upside prevails as long as 118250 is support.
Alternative scenario:
the downside breakout of 118250 would call for 117170 and 116530.
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 118870 and 119063).
Supports and resistances:
122460 **
121820 *
121170 **
120530
119234 last
118670
118250 **
117170 *
116530 **
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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