Bitcoin Short Term: the downside prevails as long as 117230 is resistance
Sep 2, 2025 10:05 AM
the downside prevails as long as 117230 is resistance.
117230 is our pivot point.
Our preference:
the downside prevails as long as 117230 is resistance.
Alternative scenario:
the upside breakout of 117230, would call for 125450 and 130350.
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 113152 and 115751).
Supports and resistances:
130350 **
125450 *
117230 **
113990
110400 last
99260
94450 **
89630 *
84820 **
Our preference:
the downside prevails as long as 117230 is resistance.
Alternative scenario:
the upside breakout of 117230, would call for 125450 and 130350.
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 113152 and 115751).
Supports and resistances:
130350 **
125450 *
117230 **
113990
110400 last
99260
94450 **
89630 *
84820 **
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.
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