Market Analysis of BITCOIN on Wednesday 21 August 2024

2024-08-21 10:02Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 61220

Our pivot point stands at 58080.

Our preference:

Rebound towards 61220.

Alternative scenario:

The downside breakout of 58080 would call for 56900 and 56200.

Comment:

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 59185 and 60083).

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