Bitcoin Intraday: the upside prevails as long as 111720 is support
Sep 10, 2025 8:40 AM
the upside prevails as long as 111720 is support.
Our pivot point stands at 111720.
Our preference:
the upside prevails as long as 111720 is support.
Alternative scenario:
the downside breakout of 111720 would call for 110590 and 109920.
Comment:
the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 111631 and 111797).
Supports and resistances:
116030 **
115360 *
114690 **
114020
112603 last
112160
111720 **
110590 *
109920 **
Our preference:
the upside prevails as long as 111720 is support.
Alternative scenario:
the downside breakout of 111720 would call for 110590 and 109920.
Comment:
the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 111631 and 111797).
Supports and resistances:
116030 **
115360 *
114690 **
114020
112603 last
112160
111720 **
110590 *
109920 **
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