Market Analysis of BITCOIN on Monday 24 October 2022

2022-10-24 09:51Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 19280 is support

 

Our pivot point stands at 19280.

 

Our preference:

The upside prevails as long as 19280 is support.

 

Alternative scenario:

Below 19280, expect 18920 and 18710.

 

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 19420 and 19275).

https://asset.onetrader.online/upload/file/1666540800000/1666576328641.png

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