Market Analysis of Bitcoin on Monday 19 June 2023

2023-06-19 10:37Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 26650 is resistance

 

Our pivot point stands at 26650.

 

Our preference:

The downside prevails as long as 26650 is resistance.

 

Alternative scenario:

Above 26650, look for 27020 and 27240.

 

Comment:

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 26510 and 26513).

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