Bitcoin / Dollar intraday: rebound towards 24390
22580 is our pivot point.
Our preference:
Rebound towards 24390.
Alternative scenario:
Below 22580, expect 21900 and 21490.
Comment:
The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 23122 and 23435).
This material is from Trading Central and is being posted with permission from Trading Central. The views expressed in this material are solely those of the author and/or Trading Central and BTCDana & Forexdana is not endorsing or recommending any investment or trading discussed in the material. Before acting on this material, you should consider whether it is suitable for your circumstances and as necessary, seek professional advice.