Market Analysis of Bitcoin on Wednesday 25 October 2023

2023-10-25 10:13Source:BtcDana

Bitcoin / Dollar intraday: eye 32910

 

34220 is our pivot point.

 

Our preference:

Eye 32910.

 

Alternative scenario:

The upside breakout of 34220, would call for 34700 and 34980.

 

Comment:

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under its 20 period moving average (34128) but above its 50 period moving average (33711).

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