Market Analysis of Bitcoin on Friday 17 February 2023

2023-02-17 10:10Source:BtcDana

Bitcoin / Dollar intraday: under pressure below 24900

 

Our pivot point is at 24900.

 

Our preference:

Under pressure below 24900.

 

Alternative scenario:

The upside breakout of 24900, would call for 25230 and 25430.

 

Comment:

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 24690 and 24590).

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