Market Analysis of BITCOIN on Friday 14 October 2022

2022-10-14 09:53Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 19070 is support

 

Our pivot point stands at 19070.

 

Our preference:

The upside prevails as long as 19070 is support.

 

Alternative scenario:

Below 19070, expect 18680 and 18440.

 

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 19221 and 19046).

https://asset.onetrader.online/upload/file/1665676800000/1665712422581.png

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