Market Analysis of Bitcoin on Tuesday 28 March 2023

2023-03-28 10:13Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 28200

 

Our pivot point is at 26660.

 

Our preference:

Rebound towards 28200.

 

Alternative scenario:

The downside breakout of 26660 would call for 26090 and 25750.

 

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 (27084) but below its 50 period moving average (27560).

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