Market Analysis of BITCOIN on Tuesday 18 October 2022

2022-10-18 09:55Source:BtcDana

Bitcoin / Dollar intraday: as long as 19200 is support look for 20260

 

Our pivot point stands at 19200.

 

Our preference:

As long as 19200 is support look for 20260.

 

Alternative scenario:

Below 19200, expect 18800 and 18570.

 

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 above its 20 and 50 period moving average (respectively at 19508 and 19354).

https://asset.onetrader.online/upload/file/1666022400000/1666058161357.png

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