Market Analysis of Bitcoin on Wednesday 19 July 2023

2023-07-19 10:12Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 30560

 

Our pivot point is at 29390.

 

Our preference:

Rebound towards 30560.

 

Alternative scenario:

The downside breakout of 29390 would call for 28970 and 28720.

 

Comment:

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 29858 and 29989).

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