Market Analysis of Bitcoin on Tuesday 20 December 2022

2022-12-20 10:15Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 16760 is resistance

 

Our pivot point stands at 16760.

 

Our preference:

The downside prevails as long as 16760 is resistance.

 

Alternative scenario:

Above 16760, look for 16970 and 17090.

 

Comment:

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 16657 and 16713).

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