Bitcoin Intraday: below its lower Bollinger band
Aug 25, 2025 6:47 AM
the downside prevails as long as 113160 is resistance.
Our pivot point is at 113160.
Our preference:
the downside prevails as long as 113160 is resistance.
Alternative scenario:
the upside breakout of 113160, would call for 114260 and 114920.
Comment:
the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 112915 and 113829). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (111986).
Supports and resistances:
114920 **
114260 *
113160 **
112720
111851 last
110540
109880 **
109230 *
108570 **
Our preference:
the downside prevails as long as 113160 is resistance.
Alternative scenario:
the upside breakout of 113160, would call for 114260 and 114920.
Comment:
the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 112915 and 113829). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (111986).
Supports and resistances:
114920 **
114260 *
113160 **
112720
111851 last
110540
109880 **
109230 *
108570 **
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