Market Analysis of Bitcoin on Wednesday 19 April 2023

2023-04-19 10:10Source:BtcDana

Bitcoin / Dollar intraday: as long as 29930 is support look for 31400

 

Our pivot point stands at 29930.

 

Our preference:

As long as 29930 is support look for 31400.

 

Alternative scenario:

The downside breakout of 29930 would call for 29360 and 29030.

 

Comment:

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 30268 and 29966).

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