Market Analysis of Bitcoin on Wednesday 22 November 2023

2023-11-22 10:14Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 38130

 

Our pivot point is at 36510.

 

Our preference:

Rebound towards 38130.

 

Alternative scenario:

Below 36510, expect 35990 and 35680.

 

Comment:

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 37014 and 37271).

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