Market Analysis of Bitcoin on Tuesday 21 February 2023

2023-02-21 10:11Source:BtcDana

Bitcoin / Dollar intraday: as long as 24530 is support look for 25420

 

Our pivot point is at 24530.

 

Our preference:

As long as 24530 is support look for 25420.

 

Alternative scenario:

The downside breakout of 24530 would call for 24190 and 24000.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (24858) but above its 50 period moving average (24622).

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