Bitcoin Intraday: the downside prevails as long as 122570 is resistance
Oct 7, 2025 7:49 PM
the downside prevails as long as 122570 is resistance.
122570 is our pivot point.
Our preference:
the downside prevails as long as 122570 is resistance.
Alternative scenario:
the upside breakout of 122570, would call for 123900 and 124690.
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 is trading under both its 20 and 50 period moving average (respectively at 122808 and 123883).
Supports and resistances:
124690 **
123900 *
122570 **
122040
121467 last
119770
118970 **
118180 *
117390 **
Our preference:
the downside prevails as long as 122570 is resistance.
Alternative scenario:
the upside breakout of 122570, would call for 123900 and 124690.
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 is trading under both its 20 and 50 period moving average (respectively at 122808 and 123883).
Supports and resistances:
124690 **
123900 *
122570 **
122040
121467 last
119770
118970 **
118180 *
117390 **
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