Market Analysis of Bitcoin on Friday 17 March 2023

2023-03-17 10:14Source:BtcDana


Bitcoin / Dollar intraday: the upside prevails as long as 24550 is support

 

Our pivot point is at 24550.

 

Our preference:

The upside prevails as long as 24550 is support.

 

Alternative scenario:

The downside breakout of 24550 would call for 24060 and 23770.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 24880 and 24660).

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