Bitcoin Intraday: above its upper Bollinger band
Oct 7, 2025 12:59 PM
our next up target stands at 127660.
Our pivot point stands at 123430.
Our preference:
our next up target stands at 127660.
Alternative scenario:
below 123430, expect 122060 and 121240.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 124286 and 124738). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (124931).
Supports and resistances:
129300 **
128480 *
127660 **
126840
124994 last
123960
123430 **
122060 *
121240 **
Our preference:
our next up target stands at 127660.
Alternative scenario:
below 123430, expect 122060 and 121240.
Comment:
the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 124286 and 124738). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (124931).
Supports and resistances:
129300 **
128480 *
127660 **
126840
124994 last
123960
123430 **
122060 *
121240 **
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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