Market Analysis of Bitcoin on Thursday 07 August 2025

2025-08-07 10:03Source:BtcDana

Bitcoin / Dollar intraday: as long as 114130 is support look for 117010

 

Our pivot point is at 114130.

 

Our preference:

As long as 114130 is support look for 117010.

 

Alternative scenario:

Below 114130, expect 113010 and 112340.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (115204) but above its 50 period moving average (114436).

 

Analyst Views Chart

More