Bitcoin Intraday: the upside prevails as long as 110980 is support
Sep 29, 2025 2:02 AM
the upside prevails as long as 110980 is support.
Our pivot point is at 110980.
Our preference:
the upside prevails as long as 110980 is support.
Alternative scenario:
the downside breakout of 110980 would call for 109860 and 109190.
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 positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 111151 and 110180).
Supports and resistances:
115200 **
114540 *
113870 **
113200
111865 last
111420
110980 **
109860 *
109190 **
Our preference:
the upside prevails as long as 110980 is support.
Alternative scenario:
the downside breakout of 110980 would call for 109860 and 109190.
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 positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 111151 and 110180).
Supports and resistances:
115200 **
114540 *
113870 **
113200
111865 last
111420
110980 **
109860 *
109190 **
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