Market Analysis of Bitcoin on Wednesday 14 June 23

2023-06-14 10:40Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 26180 is resistance

 

26180 is our pivot point.

 

Our preference:

The downside prevails as long as 26180 is resistance.

 

Alternative scenario:

The upside breakout of 26180, would call for 26550 and 26770.

 

Comment:

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 25974 and 25990).

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