Bitcoin Intraday: the downside prevails as long as 108560 is resistance
Sep 1, 2025 4:03 AM
the downside prevails as long as 108560 is resistance.
Our pivot point is at 108560.
Our preference:
the downside prevails as long as 108560 is resistance.
Alternative scenario:
the upside breakout of 108560, would call for 109690 and 110370.
Comment:
the RSI is below its neutrality area at 50. 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 108431 and 108577).
Supports and resistances:
110370 **
109690 *
108560 **
108110
107625 last
106270
105600 **
104920 *
104250 **
Our preference:
the downside prevails as long as 108560 is resistance.
Alternative scenario:
the upside breakout of 108560, would call for 109690 and 110370.
Comment:
the RSI is below its neutrality area at 50. 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 108431 and 108577).
Supports and resistances:
110370 **
109690 *
108560 **
108110
107625 last
106270
105600 **
104920 *
104250 **
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