Market Analysis of Bitcoin on Tuesday 18 April 2023

2023-04-18 10:07Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 30660

 

Our pivot point is at 29010.

 

Our preference:

Rebound towards 30660.

 

Alternative scenario:

The downside breakout of 29010 would call for 28410 and 28050.

 

Comment:

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 29534 and 29868).

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