Market Analysis of BITCOIN on Wednesday 2 November 2022

2022-11-02 09:47Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 21120

 

Our pivot point stands at 20170.

 

Our preference:

Rebound towards 21120.

 

Alternative scenario:

Below 20170, expect 19810 and 19600.

 

Comment:

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (20463) but under its 50 period moving average (20496).

https://asset.onetrader.online/upload/file/1667318400000/1667353664094.png

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