Market Analysis of Bitcoin on Friday 16 June 2023

2023-06-16 10:14Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 25230 is support

 

Our pivot point stands at 25230.

 

Our preference:

The upside prevails as long as 25230 is support.

 

Alternative scenario:

Below 25230, expect 24870 and 24660.

 

Comment:

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 25305 and 25113).

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