Bitcoin Intraday: rebound towards 119460
Aug 16, 2025 6:49 AM
rebound towards 119460.
116590 is our pivot point.
Our preference:
rebound towards 119460.
Alternative scenario:
below 116590, expect 115520 and 114890.
Comment:
the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 117622 and 117952).
Supports and resistances:
120730 **
120090 *
119460 **
118820
117425 last
117010
116590 **
115520 *
114890 **
Our preference:
rebound towards 119460.
Alternative scenario:
below 116590, expect 115520 and 114890.
Comment:
the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 117622 and 117952).
Supports and resistances:
120730 **
120090 *
119460 **
118820
117425 last
117010
116590 **
115520 *
114890 **
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