Market Analysis of Bitcoin on Monday 24 April 2023

2023-04-24 10:12Source:BtcDana


Bitcoin / Dollar intraday: rebound towards 28240

 

Our pivot point stands at 26910.

 

Our preference:

Rebound towards 28240.

 

Alternative scenario:

Below 26910, expect 26410 and 26110.

 

Comment:

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (27298) but under its 50 period moving average (27688).

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