Bitcoin Intraday: the downside prevails as long as 112460 is resistance
Aug 29, 2025 2:03 AM
the downside prevails as long as 112460 is resistance.
Our pivot point stands at 112460.
Our preference:
the downside prevails as long as 112460 is resistance.
Alternative scenario:
above 112460, look for 113640 and 114340.
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 112186 and 112543).
Supports and resistances:
114340 **
113640 *
112460 **
112000
111475 last
110070
109370 **
108670 *
107970 **
Our preference:
the downside prevails as long as 112460 is resistance.
Alternative scenario:
above 112460, look for 113640 and 114340.
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 112186 and 112543).
Supports and resistances:
114340 **
113640 *
112460 **
112000
111475 last
110070
109370 **
108670 *
107970 **
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
88752
551.0399999999936
+62.50%
