Market Analysis of Bitcoin on Tuesday 17 October 2023

2023-10-17 10:23Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 28140 is support

 

Our pivot point stands at 28140.

 

Our preference:

The upside prevails as long as 28140 is support.

 

Alternative scenario:

Below 28140, expect 27790 and 27590.

 

Comment:

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 28166 and 27701).

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