Market Analysis of BITCOIN on Thursday 6 October 2022

2022-10-06 09:50Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 19830 is support

 

Our pivot point is at 19830.

 

Our preference:

The upside prevails as long as 19830 is support.

 

Alternative scenario:

The downside breakout of 19830 would call for 19420 and 19170.

 

Comment:

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 20116 and 20127).

 

https://asset.onetrader.online/upload/file/1664985600000/1665021056494.png

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