Market Analysis of Bitcoin on Monday 30 January 2023

2023-01-30 10:21Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 23500 is support

 

Our pivot point stands at 23500.

 

Our preference:

The upside prevails as long as 23500 is support.

 

Alternative scenario:

Below 23500, expect 23180 and 23000.

 

Comment:

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 23594 and 23335).

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