Bitcoin Intraday: the downside prevails as long as 116480 is resistance
Sep 21, 2025 7:47 PM
the downside prevails as long as 116480 is resistance.
116480 is our pivot point.
Our preference:
the downside prevails as long as 116480 is resistance.
Alternative scenario:
the upside breakout of 116480, would call for 117630 and 118310.
Comment:
the RSI is below 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 115608 and 115681).
Supports and resistances:
118310 **
117630 *
116480 **
116030
115518 last
114150
113460 **
112780 *
112090 **
Our preference:
the downside prevails as long as 116480 is resistance.
Alternative scenario:
the upside breakout of 116480, would call for 117630 and 118310.
Comment:
the RSI is below 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 115608 and 115681).
Supports and resistances:
118310 **
117630 *
116480 **
116030
115518 last
114150
113460 **
112780 *
112090 **
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