Market Analysis of Bitcoin on Friday 5 August 2022

2022-08-05 13:10Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 23820

 

22070 is our pivot point.

 

Our preference:

Rebound towards 23820.

 

Alternative scenario:

The downside breakout of 22070 would call for 21400 and 21000.

 

Comment:

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 22640 and 22846).

https://asset.onetrader.online/upload/file/1659628800000/1659676255070.png

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