Market Analysis of Bitcoin on Friday 4 March 2022

2022-03-04 10:35Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 43210 is resistance

 

Our pivot point stands at 43210.

 

Our preference:

The downside prevails as long as 43210 is resistance.

 

Alternative scenario:

The upside breakout of 43210, would call for 44470 and 45210.

 

Comment:

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 42903 and 43347).

 

Analyst Views Chart


This material is from Trading Central and is being posted with permission from Trading Central. The views expressed in this material are solely those of the author and/or Trading View and BTCDana is not endorsing or recommending any investment or trading discussed in the material. Before acting on this material, you should consider whether it is suitable for your circumstances and as necessary, seek professional advice.

More