Market Analysis of Bitcoin on Friday 3 November 2023

2023-11-03 10:11Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 35700

 

Our pivot point stands at 34500.

 

Our preference:

Rebound towards 35700.

 

Alternative scenario:

Below 34500, expect 34070 and 33810.

 

Comment:

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 34937 and 35214).

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