Market Analysis of Bitcoin on Monday 7 March 2022

2022-03-07 09:40Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 40940

 

37880 is our pivot point.

 

Our preference:

Rebound towards 40940.

 

Alternative scenario:

Below 37880, expect 36730 and 36040.

 

Comment:

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (38806) but below its 50 period moving average (39108).


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