Bitcoin Short Term: the downside prevails as long as 121440 is resistance
Sep 30, 2025 10:05 AM
the downside prevails as long as 121440 is resistance.
121440 is our pivot point.
Our preference:
the downside prevails as long as 121440 is resistance.
Alternative scenario:
the upside breakout of 121440, would call for 129890 and 134930.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 114060 and 113613).
Supports and resistances:
134930 **
129890 *
121440 **
118120
112764 last
102880
97940 **
92990 *
88050 **
Our preference:
the downside prevails as long as 121440 is resistance.
Alternative scenario:
the upside breakout of 121440, would call for 129890 and 134930.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 114060 and 113613).
Supports and resistances:
134930 **
129890 *
121440 **
118120
112764 last
102880
97940 **
92990 *
88050 **
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.
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