Market Analysis of Bitcoin on Tuesday 07 February 2023

2023-02-07 10:12Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 22740 is support

 

Our pivot point stands at 22740.

 

Our preference:

The upside prevails as long as 22740 is support.

 

Alternative scenario:

Below 22740, expect 22430 and 22250.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 22942 and 22916).

Analyst Views Chart


More