Market Analysis of Bitcoin on Wednesday 10 May 2023

2023-05-10 12:08Fonte:BtcDana

Bitcoin / Dollar intraday: our next up target stands at 28570

 

27230 is our pivot point.

 

Our preference:

Our next up target stands at 28570.

 

Alternative scenario:

The downside breakout of 27230 would call for 26710 and 26400.

 

Comment:

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 27600 and 27617).

Mais