Market Analysis of Bitcoin on Monday 30 October 2023

2023-10-30 10:17Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 34170 is support

 

34170 is our pivot point.

 

Our preference:

The upside prevails as long as 34170 is support.

 

Alternative scenario:

Below 34170, expect 33690 and 33400.

 

Comment:

The RSI is above 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 34474 and 34247).

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