Market Analysis of BITCOIN on Wednesday 23 October 2024

2024-10-23 09:58Source:BtcDana

Bitcoin / Dollar intraday: rise to 69100

Our pivot point stands at 66620.

Our preference:

Rise to 69100.

Alternative scenario:

Below 66620, expect 65670 and 65100.

Comment:

The RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI should trigger further gains. Moreover, the price is trading under its 20 period moving average (67382) but above its 50 period moving average (67307).

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