Bitcoin Short Term: under pressure below 123020
Aug 19, 2025 10:05 AM
under pressure below 123020.
Our pivot point stands at 123020.
Our preference:
under pressure below 123020.
Alternative scenario:
the upside breakout of 123020, would call for 130990 and 135730.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 116728 and 115901).
Supports and resistances:
135730 **
130990 *
123020 **
119890
115370 last
105200
100560 **
95910 *
91260 **
Our preference:
under pressure below 123020.
Alternative scenario:
the upside breakout of 123020, would call for 130990 and 135730.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 116728 and 115901).
Supports and resistances:
135730 **
130990 *
123020 **
119890
115370 last
105200
100560 **
95910 *
91260 **
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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