Market Analysis of Bitcoin on Wednesday 3 May 2023

2023-05-03 10:13Source:BtcDana

Bitcoin / Dollar intraday: as long as 28230 is support look for 29670

 

Our pivot point is at 28230.

 

Our preference:

As long as 28230 is support look for 29670.

 

Alternative scenario:

Below 28230, expect 27680 and 27350.

 

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 28640 and 28277).

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