Market Analysis of Bitcoin on Wednesday 08 February 2023

2023-02-08 10:10Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 22910 is support

 

Our pivot point stands at 22910.

 

Our preference:

The upside prevails as long as 22910 is support.

 

Alternative scenario:

Below 22910, expect 22600 and 22420.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 23008 and 22945).

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