Market Analysis of Bitcoin on Friday 12 August 2022

2022-08-12 09:48Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 24540 is resistance

 

Our pivot point is at 24540.

 

Our preference:

The downside prevails as long as 24540 is resistance.

 

Alternative scenario:

The upside breakout of 24540, would call for 25260 and 25680.

 

Comment:

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 24212 and 24362).

https://asset.onetrader.online/upload/file/1660233600000/1660268932573.png

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