Market Analysis of BITCOIN on Tuesday 15 October 2024

2024-10-15 10:06Source:BtcDana

Bitcoin / Dollar intraday: as long as 65240 is support look for 67870

Our pivot point stands at 65240.

Our preference:

As long as 65240 is support look for 67870.

Alternative scenario:

The downside breakout of 65240 would call for 64250 and 63660.

Comment:

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 65843 and 64763).

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