Market Analysis of Bitcoin on Friday 03 March 2023

2023-03-03 13:35Fonte:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 23160 is support

 

23160 is our pivot point.

 

Our preference:

The upside prevails as long as 23160 is support.

 

Alternative scenario:

The downside breakout of 23160 would call for 22780 and 22550.

 

Comment:

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 23366 and 23439).

https://asset.onetrader.online/upload/file/1677772800000/1677821737175.gif

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