Market Analysis of Bitcoin on Tuesday 25 July 2023

2023-07-25 09:16Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 29880

 

28790 is our pivot point.

 

Our preference:

Rebound towards 29880.

 

Alternative scenario:

Below 28790, expect 28380 and 28140.

 

Comment:

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 29152 and 29591).

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