Market Analysis of Bitcoin on Tuesday 22 August 2023

2023-08-22 10:19Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 25850 is support

 

Our pivot point stands at 25850.

 

Our preference:

The upside prevails as long as 25850 is support.

 

Alternative scenario:

Below 25850, expect 25580 and 25420.

 

Comment:

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 26018 and 26072).

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