Market Analysis of BITCOIN on Monday 21 October 2024

2024-10-21 09:59Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 68190 is support

Our pivot point is at 68190.

Our preference:

The upside prevails as long as 68190 is support.

Alternative scenario:

Below 68190, expect 67140 and 66510.

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 68709 and 68474).

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