Market Analysis of Bitcoin on Monday 20 November 2023

2023-11-20 10:33Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 36460 is support

 

Our pivot point is at 36460.

 

Our preference:

The upside prevails as long as 36460 is support.

 

Alternative scenario:

Below 36460, expect 36010 and 35740.

 

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 36624 and 36592).

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