Bitcoin Short Term: the downside prevails as long as 118170 is resistance
Oct 21, 2025 10:05 AM
the downside prevails as long as 118170 is resistance.
Our pivot point stands at 118170.
Our preference:
the downside prevails as long as 118170 is resistance.
Alternative scenario:
the upside breakout of 118170, would call for 127850 and 133610.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 115346 and 114225).
Supports and resistances:
133610 **
127850 *
118170 **
114370
107800 last
96300
90710 **
85110 *
79510 **
Our preference:
the downside prevails as long as 118170 is resistance.
Alternative scenario:
the upside breakout of 118170, would call for 127850 and 133610.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 115346 and 114225).
Supports and resistances:
133610 **
127850 *
118170 **
114370
107800 last
96300
90710 **
85110 *
79510 **
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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