Market Analysis of Bitcoin on Friday 23 February 2024

2024-02-23 10:06Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 51150 is support

 

Our pivot point is at 51150.

 

Our preference:

The upside prevails as long as 51150 is support.

 

Alternative scenario:

The downside breakout of 51150 would call for 50320 and 49830.

 

Comment:

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 51518 and 51546).

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