Bitcoin Intraday: the upside prevails as long as 111060 is support
Aug 28, 2025 4:02 AM
the upside prevails as long as 111060 is support.
111060 is our pivot point.
Our preference:
the upside prevails as long as 111060 is support.
Alternative scenario:
the downside breakout of 111060 would call for 109880 and 109170.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 111685 and 111534).
Supports and resistances:
115510 **
114810 *
114110 **
113400
111998 last
111520
111060 **
109880 *
109170 **
Our preference:
the upside prevails as long as 111060 is support.
Alternative scenario:
the downside breakout of 111060 would call for 109880 and 109170.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 111685 and 111534).
Supports and resistances:
115510 **
114810 *
114110 **
113400
111998 last
111520
111060 **
109880 *
109170 **
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
88547.15
346.1899999999878
+39.30%
