Bitcoin Intraday: the downside prevails as long as 122670 is resistance
Oct 9, 2025 8:40 AM
the downside prevails as long as 122670 is resistance.
Our pivot point stands at 122670.
Our preference:
the downside prevails as long as 122670 is resistance.
Alternative scenario:
the upside breakout of 122670, would call for 124000 and 124800.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 122250 and 122679).
Supports and resistances:
124800 **
124000 *
122670 **
122140
121557 last
119610
118820 **
118030 *
117230 **
Our preference:
the downside prevails as long as 122670 is resistance.
Alternative scenario:
the upside breakout of 122670, would call for 124000 and 124800.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 122250 and 122679).
Supports and resistances:
124800 **
124000 *
122670 **
122140
121557 last
119610
118820 **
118030 *
117230 **
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