Market Analysis of Bitcoin on Friday 24 February 2023

2023-02-24 10:20Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 24720

 

23690 is our pivot point.

 

Our preference:

Rebound towards 24720.

 

Alternative scenario:

The downside breakout of 23690 would call for 23310 and 23080.

 

Comment:

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (23932) but under its 50 period moving average (24126).

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