Bitcoin Intraday: the downside prevails as long as 116740 is resistance
Sep 14, 2025 6:47 AM
the downside prevails as long as 116740 is resistance.
116740 is our pivot point.
Our preference:
the downside prevails as long as 116740 is resistance.
Alternative scenario:
the upside breakout of 116740, would call for 117890 and 118580.
Comment:
the RSI is below 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 115887 and 115865).
Supports and resistances:
118580 **
117890 *
116740 **
116280
115812 last
114430
113750 **
113060 *
112370 **
Our preference:
the downside prevails as long as 116740 is resistance.
Alternative scenario:
the upside breakout of 116740, would call for 117890 and 118580.
Comment:
the RSI is below 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 115887 and 115865).
Supports and resistances:
118580 **
117890 *
116740 **
116280
115812 last
114430
113750 **
113060 *
112370 **
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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