Market Analysis of Bitcoin on Friday 28 April 2023

2023-04-28 10:11Source:BtcDana


Bitcoin / Dollar intraday: the upside prevails as long as 29190 is support

 

Our pivot point is at 29190.

 

Our preference:

The upside prevails as long as 29190 is support.

 

Alternative scenario:

The downside breakout of 29190 would call for 28610 and 28270.

 

Comment:

The RSI is above 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 29185 and 28936).

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