Bitcoin Intraday: the downside prevails as long as 112700 is resistance
Aug 29, 2025 4:04 AM
the downside prevails as long as 112700 is resistance.
Our pivot point is at 112700.
Our preference:
the downside prevails as long as 112700 is resistance.
Alternative scenario:
the upside breakout of 112700, would call for 113880 and 114590.
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 112026 and 112545).
Supports and resistances:
114590 **
113880 *
112700 **
112240
111778 last
110370
109670 **
108970 *
108270 **
Our preference:
the downside prevails as long as 112700 is resistance.
Alternative scenario:
the upside breakout of 112700, would call for 113880 and 114590.
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 112026 and 112545).
Supports and resistances:
114590 **
113880 *
112700 **
112240
111778 last
110370
109670 **
108970 *
108270 **
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