Market Analysis of BITCOIN on Tuesday 08 July 2025

2025-07-08 10:03Source:BtcDana

Bitcoin / Dollar intraday: rebound

 

107260 is our pivot point.

 

Our preference:

Rebound.

 

Alternative scenario:

The downside breakout of 107260 would call for 106000 and 105250.

 

Comment:

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (108094) but under its 50 period moving average (108599).

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