Market Analysis of BITCOIN on Friday 18 October 2024

2024-10-18 09:53Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 66540 is support

Our pivot point stands at 66540.

Our preference:

The upside prevails as long as 66540 is support.

Alternative scenario:

Below 66540, expect 65520 and 64910.

Comment:

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 67177 and 67248).

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