Market Analysis of Bitcoin on Friday 12 May 2023

2023-05-12 10:38Source:BtcDana


Bitcoin / Dollar intraday: rebound towards 27910

 

Our pivot point is at 26580.

 

Our preference:

Rebound towards 27910.

 

Alternative scenario:

Below 26580, expect 26070 and 25770.

 

Comment:

The RSI is below its neutrality area at 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 27001 and 27281).

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