Market Analysis of Bitcoin on Thursday 17 August 2023

2023-08-17 10:20Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 29650

 

Our pivot point stands at 28850.

 

Our preference:

Rebound towards 29650.

 

Alternative scenario:

Below 28850, expect 28550 and 28370.

 

Comment:

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (29102) but below its 50 period moving average (29143).

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