Market Analysis of Bitcoin on Wednesday 30 July 2025

2025-07-30 10:02Source:BtcDana

Bitcoin / Dollar intraday: rebound

 

Our pivot point is at 116970.

 

Our preference:

Rebound.

 

Alternative scenario:

Below 116970, expect 115800 and 115090.

 

Comment:

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (117639) but under its 50 period moving average (118176).

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