Bitcoin Intraday: below its lower Bollinger band
Oct 7, 2025 6:47 AM
the downside prevails as long as 125120 is resistance.
Our pivot point stands at 125120.
Our preference:
the downside prevails as long as 125120 is resistance.
Alternative scenario:
above 125120, look for 126440 and 127220.
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 124627 and 124665). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (123937).
Supports and resistances:
127220 **
126440 *
125120 **
124600
123901 last
122320
121540 **
120750 *
119970 **
Our preference:
the downside prevails as long as 125120 is resistance.
Alternative scenario:
above 125120, look for 126440 and 127220.
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 124627 and 124665). Finally, the Bitcoin / Dollar has penetrated its lower Bollinger band (123937).
Supports and resistances:
127220 **
126440 *
125120 **
124600
123901 last
122320
121540 **
120750 *
119970 **
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