Bitcoin Intraday: the downside prevails as long as 123010 is resistance
Oct 4, 2025 7:47 PM
the downside prevails as long as 123010 is resistance.
Our pivot point is at 123010.
Our preference:
the downside prevails as long as 123010 is resistance.
Alternative scenario:
the upside breakout of 123010, would call for 124300 and 125080.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 122016 and 122238).
Supports and resistances:
125080 **
124300 *
123010 **
122500
121986 last
120390
119620 **
118850 *
118080 **
Our preference:
the downside prevails as long as 123010 is resistance.
Alternative scenario:
the upside breakout of 123010, would call for 124300 and 125080.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 122016 and 122238).
Supports and resistances:
125080 **
124300 *
123010 **
122500
121986 last
120390
119620 **
118850 *
118080 **
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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