Market Analysis of Bitcoin on Tuesday 31 October 2023

2023-10-31 10:18Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 34820 is resistance

 

34820 is our pivot point.

 

Our preference:

The downside prevails as long as 34820 is resistance.

 

Alternative scenario:

Above 34820, look for 35300 and 35590.

 

Comment:

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 34521 and 34466).

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