Market Analysis of Bitcoin on Thursday 25 November 2021

2021-11-25 10:25Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 55650 is support

Our pivot point stands at 55650.

Our preference:
The upside prevails as long as 55650 is support.

Alternative scenario:
Below 55650, expect 53960 and 52950.

Comment:
The RSI is above its neutrality area at 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 56625 and 56837).

Analyst Views Chart

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