Markey Analysis of Bitcoin on Wednesday 1 December 2021

2021-12-01 10:00Source:BtcDana

 Bitcoin / Dollar intraday: under pressure below 59100

 

Our pivot point stands at 59100.

 

Our preference:

Under pressure below 59100.

 

Alternative scenario:

Above 59100, look for 60810 and 61830.

 

Comment:

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 57782 and 57492).


Analyst Views Chart


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