Bitcoin Intraday: the upside prevails as long as 113070 is support
Sep 29, 2025 7:50 PM
the upside prevails as long as 113070 is support.
Our pivot point stands at 113070.
Our preference:
the upside prevails as long as 113070 is support.
Alternative scenario:
the downside breakout of 113070 would call for 111920 and 111240.
Comment:
the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 113296 and 112318).
Supports and resistances:
117560 **
116880 *
116190 **
115510
114150 last
113510
113070 **
111920 *
111240 **
Our preference:
the upside prevails as long as 113070 is support.
Alternative scenario:
the downside breakout of 113070 would call for 111920 and 111240.
Comment:
the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 113296 and 112318).
Supports and resistances:
117560 **
116880 *
116190 **
115510
114150 last
113510
113070 **
111920 *
111240 **
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