Market Analysis of BITCOIN on Monday 31 October 2022

2022-10-31 09:48Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 21390

 

Our pivot point is at 20410.

 

Our preference:

Rebound towards 21390.

 

Alternative scenario:

The downside breakout of 20410 would call for 20050 and 19830.

 

Comment:

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (20690) but below its 50 period moving average (20751).

https://asset.onetrader.online/upload/file/1667145600000/1667180916182.png

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