Market Analysis of Bitcoin on Tuesday 23 May 2023

2023-05-23 10:26Source:BtcDana

Bitcoin / Dollar intraday: as long as 26530 is support look for 27550

 

26530 is our pivot point.

 

Our preference:

As long as 26530 is support look for 27550.

 

Alternative scenario:

Below 26530, expect 26160 and 25930.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 26858 and 26801).

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