Market Analysis of BITCOIN on Tuesday 22 October 2024

2024-10-22 10:06Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 69220

Our pivot point stands at 66510.

Our preference:

Rebound towards 69220.

Alternative scenario:

The downside breakout of 66510 would call for 65490 and 64880.

Comment:

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 67453 and 68135).

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