Market Analysis of Bitcoin on Thursday 18 May 2023

2023-05-18 09:12Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 27090 is support

 

Our pivot point stands at 27090.

 

Our preference:

The upside prevails as long as 27090 is support.

 

Alternative scenario:

Below 27090, expect 26710 and 26480.

 

Comment:

The RSI is above its neutrality area at 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 27167 and 27017).Analyst Views Chart

More