Bitcoin Intraday: the downside prevails as long as 115990 is resistance
Aug 19, 2025 6:47 AM
the downside prevails as long as 115990 is resistance.
Our pivot point is at 115990.
Our preference:
the downside prevails as long as 115990 is resistance.
Alternative scenario:
the upside breakout of 115990, would call for 117040 and 117660.
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 115860 and 115751).
Supports and resistances:
117660 **
117040 *
115990 **
115580
115111 last
113800
113180 **
112560 *
111940 **
Our preference:
the downside prevails as long as 115990 is resistance.
Alternative scenario:
the upside breakout of 115990, would call for 117040 and 117660.
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 115860 and 115751).
Supports and resistances:
117660 **
117040 *
115990 **
115580
115111 last
113800
113180 **
112560 *
111940 **
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