Market Analysis of Bitcoin on Monday 20 March 2023

2023-03-20 10:08Source:BtcDana


Bitcoin / Dollar intraday: the upside prevails as long as 27390 is support

 

Our pivot point is at 27390.

 

Our preference:

The upside prevails as long as 27390 is support.

 

Alternative scenario:

Below 27390, expect 26850 and 26520.

 

Comment:

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 27716 and 27372).

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