Market Analysis of Bitcoin on Monday 24 July 20

2023-07-24 09:28Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 29720 is support

 

Our pivot point is at 29720.

 

Our preference:

The upside prevails as long as 29720 is support.

 

Alternative scenario:

Below 29720, expect 29290 and 29040.

 

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 29969 and 29906).

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