Market Analysis of BITCOIN on Tuesday 25 October 2022

2022-10-25 09:51Source:BtcDana

Bitcoin / Dollar intraday: rebound

 

Our pivot point is at 19080.

 

Our preference:

Rebound.

 

Alternative scenario:

The downside breakout of 19080 would call for 18730 and 18520.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (19335) but under its 50 period moving average (19391).

https://asset.onetrader.online/upload/file/1666627200000/1666662719260.png

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