Market Analysis of Bitcoin on Monday 17 April 2023

2023-04-17 10:09Source:BtcDana


Bitcoin / Dollar intraday: the upside prevails as long as 29970 is support

 

Our pivot point stands at 29970.

 

Our preference:

The upside prevails as long as 29970 is support.

 

Alternative scenario:

Below 29970, expect 29350 and 28990.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 30336 and 30325).

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