Market Analysis of Bitcoin on Wednesday 18 October 2023

2023-10-18 10:09Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 28130 is support

 

Our pivot point is at 28130.

 

Our preference:

The upside prevails as long as 28130 is support.

 

Alternative scenario:

Below 28130, expect 27820 and 27630.

 

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 above its 20 and 50 period moving average (respectively at 28322 and 28234).

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