Market Analysis of Bitcoin on Friday 31 October 2025

2025-10-31 02:04Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 110590
 
Our pivot point is at 106620.
 
Our preference:
Rebound towards 110590.
 
Alternative scenario:
The downside breakout of 106620 would call for 105330 and 104560.
 
Comment:
The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (107587) but under its 50 period moving average (109056).

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