Market Analysis of Bitcoin on Monday 8 August 2022

2022-08-08 09:59Source:BtcDana

Bitcoin / Dollar intraday: as long as 22640 is support look for 24420

 

Our pivot point stands at 22640.

 

Our preference:

As long as 22640 is support look for 24420.

 

Alternative scenario:

Below 22640, expect 21950 and 21540.

 

Comment:

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (23190) but above its 50 period moving average (23078).

https://asset.onetrader.online/upload/file/1659888000000/1659924191381.png

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