Market Analysis of Bitcoin on Thursday 23 February 2023

2023-02-23 10:09Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 24500

 

Our pivot point is at 23450.

 

Our preference:

Rebound towards 24500.

 

Alternative scenario:

The downside breakout of 23450 would call for 23070 and 22840.

 

Comment:

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 23888 and 24073).

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