Market Analysis of Bitcoin on Thursday 3 August 2023

2023-08-03 10:34Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 29840

 

Our pivot point stands at 28850.

 

Our preference:

Rebound towards 29840.

 

Alternative scenario:

The downside breakout of 28850 would call for 28470 and 28240.

 

Comment:

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 29167 and 29424).

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