Market Analysis of BITCOIN on Friday 4 November 2022

2022-11-04 09:44Source:BtcDana

Bitcoin / Dollar intraday: as long as 20560 is resistance expect 19600

 

Our pivot point stands at 20560.

 

Our preference:

As long as 20560 is resistance expect 19600.

 

Alternative scenario:

The upside breakout of 20560, would call for 20920 and 21130.

 

Comment:

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 20222 and 20242).

https://asset.onetrader.online/upload/file/1667491200000/1667526288517.png

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