Market Analysis of BITCOIN on Tuesday 4 October 2022

2022-10-04 09:51Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 19180 is support

 

Our pivot point is at 19180.

 

Our preference:

The upside prevails as long as 19180 is support.

 

Alternative scenario:

Below 19180, expect 18780 and 18540.

 

Comment:

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 19372 and 19252).

https://asset.onetrader.online/upload/file/1664812800000/1664848328725.png

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