Market Analysis of Bitcoin on Friday 16 December 2022

2022-12-16 10:11Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 17850

 

Our pivot point stands at 17250.

 

Our preference:

Rebound towards 17850.

 

Alternative scenario:

Below 17250, expect 17030 and 16900.

 

Comment:

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 17497 and 17640).

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