Market Analysis of Bitcoin on Thursday 31 July 2025

2025-07-31 10:01Source:BtcDana

Bitcoin / Dollar intraday: our next up target stands at 119920

 

116900 is our pivot point.

 

Our preference:

Our next up target stands at 119920.

 

Alternative scenario:

Below 116900, expect 115720 and 115020.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 117506 and 117779).

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