Market Analysis of Bitcoin on Thursday 26 October 2023

2023-10-26 10:15Source:BtcDana

Bitcoin / Dollar intraday: as long as 34220 is support look for 35530

 

34220 is our pivot point.

 

Our preference:

As long as 34220 is support look for 35530.

 

Alternative scenario:

The downside breakout of 34220 would call for 33740 and 33450.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 34525 and 34209).

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