Market Analysis of Bitcoin on Monday 27 March 2023

2023-03-27 10:15Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 27610 is support

 

Our pivot point stands at 27610.

 

Our preference:

The upside prevails as long as 27610 is support.

 

Alternative scenario:

The downside breakout of 27610 would call for 27040 and 26700.

 

Comment:

The RSI is above its neutrality area at 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 27886 and 27728).

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