Market Analysis of Bitcoin on Monday 21 August 2023

2023-08-21 10:18Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 25900 is support

 

25900 is our pivot point.

 

Our preference:

The upside prevails as long as 25900 is support.

 

Alternative scenario:

Below 25900, expect 25630 and 25470.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is below its 20 period moving average (26119) but above its 50 period moving average (26103).

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