Market Analysis of Bitcoin on Friday 19 May 202

2023-05-19 10:29Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 27490

 

26520 is our pivot point.

 

Our preference:

Rebound towards 27490.

 

Alternative scenario:

Below 26520, expect 26150 and 25930.

 

Comment:

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 26856 and 27137).

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