Market Analysis of Bitcoin on Monday 22 May 202

2023-05-22 10:32Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 27590

 

Our pivot point stands at 26580.

 

Our preference:

Rebound towards 27590.

 

Alternative scenario:

The downside breakout of 26580 would call for 26210 and 25990.

 

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 26909 and 27027).

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