Market Analysis of Bitcoin on Monday 5 June 2023

2023-06-05 11:26Source:BtcDana

Bitcoin / Dollar intraday: as long as 26940 is support look for 27840

 

Our pivot point stands at 26940.

 

Our preference:

As long as 26940 is support look for 27840.

 

Alternative scenario:

Below 26940, expect 26590 and 26380.

 

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 above its 20 and 50 period moving average (respectively at 27205 and 27134).

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