Market Analysis of Bitcoin on Friday 9 June 20

2023-06-09 12:46Source:BtcDana

Bitcoin / Dollar intraday: target 25840

 

Our pivot point is at 26800.

 

Our preference:

Target 25840.

 

Alternative scenario:

Above 26800, look for 27170 and 27380.

 

Comment:

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (26570) but above its 50 period moving average (26474).

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