Market Analysis of BITCOIN on Wednesday 17 August 2022

2022-08-17 09:53Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 24420 is resistance

 

Our pivot point stands at 24420.

 

Our preference:

The downside prevails as long as 24420 is resistance.

 

Alternative scenario:

Above 24420, look for 25130 and 25550.

 

Comment:

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 23877 and 23973).

https://asset.onetrader.online/upload/file/1660665600000/1660701214851.png

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