Bitcoin Intraday: above its upper Bollinger band
Sep 1, 2025 8:40 AM
the upside prevails as long as 108520 is support.
Our pivot point stands at 108520.
Our preference:
the upside prevails as long as 108520 is support.
Alternative scenario:
the downside breakout of 108520 would call for 107370 and 106680.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 108140 and 108510). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (109405).
Supports and resistances:
112920 **
112240 *
111550 **
110860
109487 last
108980
108520 **
107370 *
106680 **
Our preference:
the upside prevails as long as 108520 is support.
Alternative scenario:
the downside breakout of 108520 would call for 107370 and 106680.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 108140 and 108510). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (109405).
Supports and resistances:
112920 **
112240 *
111550 **
110860
109487 last
108980
108520 **
107370 *
106680 **
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