Market Analysis of Bitcoin on Friday 27 October 2023

2023-10-27 10:11Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 34850

 

33550 is our pivot point.

 

Our preference:

Rebound towards 34850.

 

Alternative scenario:

The downside breakout of 33550 would call for 33070 and 32790.

 

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 34098 and 34425).

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