Market Analysis of Bitcoin on Thursday 22 December 2022

2022-12-22 10:18Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 17070 is resistance

 

Our pivot point is at 17070.

 

Our preference:

The downside prevails as long as 17070 is resistance.

 

Alternative scenario:

Above 17070, look for 17440 and 17660.

 

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 16817 and 16841).

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