Market Analysis of BITCOIN on Thursday 24 October 2024

2024-10-24 09:59Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 65850 is support

Our pivot point stands at 65850.

Our preference:

The upside prevails as long as 65850 is support.

Alternative scenario:

The downside breakout of 65850 would call for 64910 and 64350.

Comment:

The RSI is above its neutrality area at 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 66206 and 66575).

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