Market Analysis of BITCOIN on Thursday 19 October 2023

2023-10-19 10:18Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 28860

 

Our pivot point is at 28030.

 

Our preference:

Rebound towards 28860.

 

Alternative scenario:

The downside breakout of 28030 would call for 27710 and 27530.

 

Comment:

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 28337 and 28443).

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