Market Analysis of Bitcoin on Wednesday 01 February 2023

2023-02-01 10:11Source:BtcDana

Bitcoin / Dollar intraday: as long as 22810 is support look for 23690

 

Our pivot point is at 22810.

 

Our preference:

As long as 22810 is support look for 23690.

 

Alternative scenario:

Below 22810, expect 22500 and 22320.

 

Comment:

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 23068 and 22921).

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