Market Analysis of Bitcoin on Wednesday 23 February 2022

2022-02-23 10:00Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 36940 is support

 

Our pivot point stands at 36940.

 

Our preference:

The upside prevails as long as 36940 is support.

 

Alternative scenario:

Below 36940, expect 35810 and 35150.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 37759 and 37381).


Analyst Views Chart


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