Bitcoin Intraday: the downside prevails as long as 115350 is resistance
Sep 22, 2025 2:02 AM
the downside prevails as long as 115350 is resistance.
115350 is our pivot point.
Our preference:
the downside prevails as long as 115350 is resistance.
Alternative scenario:
the upside breakout of 115350, would call for 116490 and 117170.
Comment:
the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). 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 115260 and 115507).
Supports and resistances:
117170 **
116490 *
115350 **
114910
114458 last
112980
112300 **
111620 *
110950 **
Our preference:
the downside prevails as long as 115350 is resistance.
Alternative scenario:
the upside breakout of 115350, would call for 116490 and 117170.
Comment:
the RSI is below 30. It could either mean that the price is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). 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 115260 and 115507).
Supports and resistances:
117170 **
116490 *
115350 **
114910
114458 last
112980
112300 **
111620 *
110950 **
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