Market Analysis of Bitcoin on Wednesday 12 July 2023

2023-07-12 10:14Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 30220 is support

 

Our pivot point stands at 30220.

 

Our preference:

The upside prevails as long as 30220 is support.

 

Alternative scenario:

The downside breakout of 30220 would call for 29810 and 29560.

 

Comment:

The RSI is above 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 30501 and 30510).

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