Market Analysis of Bitcoin on Friday 31 December 2021

2021-12-31 10:30Source:BtcDana

Bitcoin / Dollar intraday: target 44820

 

Our pivot point is at 48780.

 

Our preference:

Target 44820.

 

Alternative scenario:

Above 48780, look for 50200 and 51040.

 

Comment:

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (47495) but above its 50 period moving average (47107).


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