Bitcoin Intraday: the downside prevails as long as 118050 is resistance
Aug 15, 2025 7:47 PM
the downside prevails as long as 118050 is resistance.
Our pivot point stands at 118050.
Our preference:
the downside prevails as long as 118050 is resistance.
Alternative scenario:
the upside breakout of 118050, would call for 119120 and 119750.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 117934 and 118366).
Supports and resistances:
119750 **
119120 *
118050 **
117640
117063 last
115770
115140 **
114510 *
113880 **
Our preference:
the downside prevails as long as 118050 is resistance.
Alternative scenario:
the upside breakout of 118050, would call for 119120 and 119750.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 117934 and 118366).
Supports and resistances:
119750 **
119120 *
118050 **
117640
117063 last
115770
115140 **
114510 *
113880 **
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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