Market Analysis of Bitcoin on Tuesday 16 August 2022

2022-08-16 09:52Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 25360

 

Our pivot point stands at 23410.

 

Our preference:

Rebound towards 25360.

 

Alternative scenario:

Below 23410, expect 22700 and 22280.

 

Comment:

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 24146 and 24313).

https://asset.onetrader.online/upload/file/1660579200000/1660614771526.png

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