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Bitcoin / Dollar intraday: as long as 33990 is support look for 35390

2023-10-24
1008

Our pivot point is at 33990.

Our preference: as long as 33990 is support look for 35390.

Alternative scenario: the downside breakout of 33990 would call for 33510 and 33230.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 34279 and 32991).

Supports and resistances:

35960 **

35680 *

35390 **

35100

34370 last

34180

33990 **

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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