Market Analysis of BITCOIN on Tuesday 30 August 2022

2022-08-30 09:57Source:BtcDana

Bitcoin / Dollar intraday: as long as 19630 is support look for 21200

 

Our pivot point is at 19630.

 

Our preference:

As long as 19630 is support look for 21200.

 

Alternative scenario:

The downside breakout of 19630 would call for 19040 and 18680.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 20094 and 19931).

https://asset.onetrader.online/upload/file/1661788800000/1661824701117.png

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