Bitcoin Short Term: under pressure below 119510

Sep 23, 2025 10:04 AM

under pressure below 119510.

Our pivot point stands at 119510.
Our preference:
under pressure below 119510.
Alternative scenario:
above 119510, look for 127380 and 132070.
Comment:
the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 114072 and 114367).
Supports and resistances:
132070 **
127380 *
119510 **
116410
112938 last
102330
97720 **
93100 *
88490 **

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.

Related Instruments