Market Analysis of Bitcoin on Tuesday 4 April 2023

2023-04-04 10:08Source:BtcDana


Bitcoin / Dollar intraday: as long as 27640 is support look for 29220

 

Our pivot point is at 27640.

 

Our preference:

As long as 27640 is support look for 29220.

 

Alternative scenario:

Below 27640, expect 27050 and 26700.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (28144) but above its 50 period moving average (28043).

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