Market Analysis of Bitcoin on Tuesday 07 March 2023

2023-03-07 10:11Source:BtcDana


Bitcoin / Dollar intraday: under pressure below 22690

 

Our pivot point is at 22690.

 

Our preference:

Under pressure below 22690.

 

Alternative scenario:

The upside breakout of 22690, would call for 23060 and 23280.

 

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 22444 and 22421).

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