Market Analysis of Bitcoin on Monday 15 August 2022

2022-08-15 09:51Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 25610

 

Our pivot point is at 23730.

 

Our preference:

Rebound towards 25610.

 

Alternative scenario:

The downside breakout of 23730 would call for 23010 and 22580.

 

Comment:

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 24346 and 24504).

 

https://asset.onetrader.online/upload/file/1660492800000/1660528300456.png

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.



More