Market Analysis of Bitcoin on Tuesday 24 October 2023

2023-10-24 10:13Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 30860 is support

 

30860 is our pivot point.

 

Our preference:

The upside prevails as long as 30860 is support.

 

Alternative scenario:

The downside breakout of 30860 would call for 30520 and 30320.

 

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 30843 and 30525).

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