Bitcoin Intraday: rebound towards 124410
Oct 8, 2025 2:02 AM
rebound towards 124410.
120940 is our pivot point.
Our preference:
rebound towards 124410.
Alternative scenario:
the downside breakout of 120940 would call for 119600 and 118800.
Comment:
the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (121722) but below its 50 period moving average (123079).
Supports and resistances:
126000 **
125210 *
124410 **
123610
121992 last
121470
120940 **
119600 *
118800 **
Our preference:
rebound towards 124410.
Alternative scenario:
the downside breakout of 120940 would call for 119600 and 118800.
Comment:
the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (121722) but below its 50 period moving average (123079).
Supports and resistances:
126000 **
125210 *
124410 **
123610
121992 last
121470
120940 **
119600 *
118800 **
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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