Market Analysis of BITCOIN on Wednesday 24 August 2022

2022-08-24 09:50Source:BtcDana

Bitcoin / Dollar intraday: as long as 21010 is support look for 22660

 

Our pivot point stands at 21010.

 

Our preference:

As long as 21010 is support look for 22660.

 

Alternative scenario:

Below 21010, expect 20370 and 19990.

 

Comment:

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 21495 and 21393).

https://asset.onetrader.online/upload/file/1661270400000/1661305855553.png

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