Market Analysis of BITCOIN on Thursday 25 August 2022

2022-08-25 09:55Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 21870 is resistance

 

Our pivot point stands at 21870.

 

Our preference:

The downside prevails as long as 21870 is resistance.

 

Alternative scenario:

The upside breakout of 21870, would call for 22510 and 22890.

 

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 stands below its 20 and 50 period moving average (respectively at 21613 and 21468).

https://asset.onetrader.online/upload/file/1661356800000/1661392553761.png

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