Market Analysis of BITCOIN on Thursday 22 August 2024

2024-08-22 10:01Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 60220 is support

Our pivot point is at 60220.

Our preference:

The upside prevails as long as 60220 is support.

Alternative scenario:

The downside breakout of 60220 would call for 58990 and 58260.

Comment:

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 60647 and 59898).

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