Bitcoin Intraday: the downside prevails as long as 115870 is resistance
Aug 24, 2025 6:47 AM
the downside prevails as long as 115870 is resistance.
Our pivot point stands at 115870.
Our preference:
the downside prevails as long as 115870 is resistance.
Alternative scenario:
the upside breakout of 115870, would call for 117000 and 117680.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 115152 and 115215).
Supports and resistances:
117680 **
117000 *
115870 **
115430
114966 last
113610
112930 **
112260 *
111590 **
Our preference:
the downside prevails as long as 115870 is resistance.
Alternative scenario:
the upside breakout of 115870, would call for 117000 and 117680.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 115152 and 115215).
Supports and resistances:
117680 **
117000 *
115870 **
115430
114966 last
113610
112930 **
112260 *
111590 **
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.
Related Instruments
Bitcoin
88772.43
451.3999999999942
+51.10%
