Market Analysis of Bitcoin on Friday 23 December 2022

2022-12-23 10:11Source:BtcDana

Bitcoin / Dollar intraday: rebound

 

Our pivot point stands at 16460.

 

Our preference:

Rebound.

 

Alternative scenario:

Below 16460, expect 16090 and 15870.

 

Comment:

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (16712) but below its 50 period moving average (16777).

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