Market Analysis of Bitcoin on Monday 20 February 2023

2023-02-20 12:50Fonte:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 24750 is resistance

 

Our pivot point stands at 24750.

 

Our preference:

The downside prevails as long as 24750 is resistance.

 

Alternative scenario:

The upside breakout of 24750, would call for 25080 and 25280.

 

Comment:

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 24655 and 24659).

 

https://asset.onetrader.online/upload/file/1676822400000/1676868669289.gif

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