Market Analysis of Bitcoin on Wednesday 26 July 2023

2023-07-26 09:09Source:BtcDana

Bitcoin / Dollar intraday: as long as 28900 is support look for 29950

 

Our pivot point is at 28900.

 

Our preference:

As long as 28900 is support look for 29950.

 

Alternative scenario:

The downside breakout of 28900 would call for 28490 and 28240.

 

Comment:

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 29210 and 29168).

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