Bitcoin Intraday: the downside prevails as long as 123110 is resistance
Oct 9, 2025 4:02 AM
the downside prevails as long as 123110 is resistance.
Our pivot point stands at 123110.
Our preference:
the downside prevails as long as 123110 is resistance.
Alternative scenario:
the upside breakout of 123110, would call for 124450 and 125250.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 122903 and 122613).
Supports and resistances:
125250 **
124450 *
123110 **
122590
122060 last
120460
119670 **
118870 *
118070 **
Our preference:
the downside prevails as long as 123110 is resistance.
Alternative scenario:
the upside breakout of 123110, would call for 124450 and 125250.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 122903 and 122613).
Supports and resistances:
125250 **
124450 *
123110 **
122590
122060 last
120460
119670 **
118870 *
118070 **
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