Market Analysis of Bitcoin on Friday 13 October 2023

2023-10-13 10:20Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 27310

 

Our pivot point is at 26420.

 

Our preference:

Rebound towards 27310.

 

Alternative scenario:

Below 26420, expect 26100 and 25910.

 

Comment:

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (26715) but under its 50 period moving average (26763).

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