Market Analysis of Bitcoin on Thursday 27 July 2023

2023-07-27 09:27Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 29010 is support

 

Our pivot point stands at 29010.

 

Our preference:

The upside prevails as long as 29010 is support.

 

Alternative scenario:

Below 29010, expect 28600 and 28350.

 

Comment:

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 29270 and 29236).

 

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