Market Analysis of Bitcoin on Tuesday 21 November 2023

2023-11-21 10:43Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 37110 is support

 

Our pivot point is at 37110.

 

Our preference:

The upside prevails as long as 37110 is support.

 

Alternative scenario:

The downside breakout of 37110 would call for 36650 and 36370.

 

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 37358 and 37251).

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