Market Analysis of Bitcoin on Monday 17 July 2023

2023-07-17 10:30Source:BtcDana

Bitcoin / Dollar intraday: under pressure below 30610

 

30610 is our pivot point.

 

Our preference:

Under pressure below 30610.

 

Alternative scenario:

Above 30610, look for 31020 and 31260.

 

Comment:

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 30341 and 30302).

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