Market Analysis of Bitcoin on Thursday 11 August 2022

2022-08-11 09:55Source:BtcDana

Bitcoin / Dollar intraday: as long as 23400 is support look for 25260

 

Our pivot point stands at 23400.

 

Our preference:

As long as 23400 is support look for 25260.

 

Alternative scenario:

The downside breakout of 23400 would call for 22690 and 22260.

 

Comment:

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 23889 and 23431).

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