Market Analysis of Bitcoin on Monday 15 May 2023

2023-05-15 10:54Source:BtcDana

Bitcoin / Dollar intraday: as long as 26530 is support look for 27840

 

26530 is our pivot point.

 

Our preference:

As long as 26530 is support look for 27840.

 

Alternative scenario:

Below 26530, expect 26020 and 25720.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (26946) but above its 50 period moving average (26878).

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