Market Analysis of BITCOIN on Thursday 15 August 2024

2024-08-15 10:06Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 60860

Our pivot point stands at 57790.

Our preference:

Rebound towards 60860.

Alternative scenario:

The downside breakout of 57790 would call for 56650 and 55970.

Comment:

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 59065 and 60132).

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