Market Analysis of Bitcoin on Tuesday 28 February 2023

2023-02-28 10:18Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 23560 is resistance

 

23560 is our pivot point.

 

Our preference:

The downside prevails as long as 23560 is resistance.

 

Alternative scenario:

Above 23560, look for 23930 and 24160.

 

Comment:

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 23445 and 23466).

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