Market Analysis of Bitcoin on Thursday 22 February 2024

2024-02-22 10:32Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 52560

 

50260 is our pivot point.

 

Our preference:

Rebound towards 52560.

 

Alternative scenario:

Below 50260, expect 49440 and 48960.

 

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 51069 and 51575).

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