Market Analysis of Bitcoin on Tuesday 9 August 2022

2022-08-09 09:58Source:BtcDana

Bitcoin / Dollar intraday: as long as 23350 is support look for 25220

 

Our pivot point is at 23350.

 

Our preference:

As long as 23350 is support look for 25220.

 

Alternative scenario:

Below 23350, expect 22640 and 22220.

 

Comment:

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (24029) but above its 50 period moving average (23676).

https://asset.onetrader.online/upload/file/1659974400000/1660010355670.png

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