Bitcoin Intraday: the downside prevails as long as 111000 is resistance
Aug 26, 2025 12:03 AM
the downside prevails as long as 111000 is resistance.
Our pivot point stands at 111000.
Our preference:
the downside prevails as long as 111000 is resistance.
Alternative scenario:
the upside breakout of 111000, would call for 112080 and 112730.
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 111255 and 111806).
Supports and resistances:
112730 **
112080 *
111000 **
110570
109977 last
108690
108040 **
107400 *
106760 **
Our preference:
the downside prevails as long as 111000 is resistance.
Alternative scenario:
the upside breakout of 111000, would call for 112080 and 112730.
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 111255 and 111806).
Supports and resistances:
112730 **
112080 *
111000 **
110570
109977 last
108690
108040 **
107400 *
106760 **
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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