Market Analysis of BITCOIN on Thursday 17 October 2024

2024-10-17 09:55Source:BtcDana

Bitcoin / Dollar intraday: as long as 66780 is support look for 69490

Our pivot point stands at 66780.

Our preference:

As long as 66780 is support look for 69490.

Alternative scenario:

The downside breakout of 66780 would call for 65750 and 65140.

Comment:

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (67742) but above its 50 period moving average (67487).

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