Market Analysis of Bitcoin on Friday 03 February 2023

2023-02-03 10:16Source:BtcDana

Bitcoin / Dollar intraday: under pressure below 24070

 

Our pivot point stands at 24070.

 

Our preference:

Under pressure below 24070.

 

Alternative scenario:

Above 24070, look for 24390 and 24580.

 

Comment:

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 23827 and 23820).

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