Bitcoin Intraday: the downside prevails as long as 122370 is resistance
Oct 10, 2025 8:40 AM
the downside prevails as long as 122370 is resistance.
Our pivot point is at 122370.
Our preference:
the downside prevails as long as 122370 is resistance.
Alternative scenario:
above 122370, look for 123700 and 124500.
Comment:
the RSI is below 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 121447 and 121544).
Supports and resistances:
124500 **
123700 *
122370 **
121850
121294 last
119710
118910 **
118120 *
117330 **
Our preference:
the downside prevails as long as 122370 is resistance.
Alternative scenario:
above 122370, look for 123700 and 124500.
Comment:
the RSI is below 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 121447 and 121544).
Supports and resistances:
124500 **
123700 *
122370 **
121850
121294 last
119710
118910 **
118120 *
117330 **
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.
Related Instruments
Bitcoin
88263.72
22.119999999995343
+2.50%
