Market Analysis of Bitcoin on Wednesday 1 November 2023

2023-11-01 10:12Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 34270 is support

 

34270 is our pivot point.

 

Our preference:

The upside prevails as long as 34270 is support.

 

Alternative scenario:

The downside breakout of 34270 would call for 33850 and 33590.

 

Comment:

The RSI is above its neutrality area at 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 34405 and 34394).

Analyst Views Chart

More