Market Analysis of BITCOIN on 18 August 2022

2022-08-18 10:00Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 24580

 

Our pivot point stands at 22780.

 

Our preference:

Rebound towards 24580.

 

Alternative scenario:

The downside breakout of 22780 would call for 22090 and 21680.

 

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 23378 and 23691).

https://asset.onetrader.online/upload/file/1660752000000/1660788070383.png

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