Market Analysis of BITCOIN on Friday 23 August 2024

2024-08-23 10:04Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 62560

Our pivot point is at 59440.

Our preference:

Rebound towards 62560.

Alternative scenario:

The downside breakout of 59440 would call for 58230 and 57500.

Comment:

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 60432 and 60706).

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