Market Analysis of Bitcoin on Tuesday 14 February 2023

2023-02-14 10:14Source:BtcDana

Bitcoin / Dollar intraday: rebound

 

21410 is our pivot point.

 

Our preference:

Rebound.

 

Alternative scenario:

The downside breakout of 21410 would call for 21120 and 20950.

 

Comment:

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (21611) but under its 50 period moving average (21714).

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