Market Analysis of Bitcoin on Friday 24 March 2023

2023-03-24 10:16Source:BtcDana

Bitcoin / Dollar intraday: as long as 27730 is support look for 29330

 

Our pivot point stands at 27730.

 

Our preference:

As long as 27730 is support look for 29330.

 

Alternative scenario:

Below 27730, expect 27160 and 26820.

 

Comment:

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 28031 and 27690).

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