Market Analysis of Bitcoin on Thursday 15 December 2022

2022-12-15 13:18Source:BtcDana

Bitcoin / Dollar intraday: under pressure below 17950

 

Our pivot point is at 17950.

 

Our preference:

Under pressure below 17950.

 

Alternative scenario:

The upside breakout of 17950, would call for 18170 and 18300.

 

Comment:

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 17971 and 17858).

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