Market Analysis of Bitcoin on Tuesday 20 June 2023

2023-06-20 10:28Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 26280 is support

 

Our pivot point stands at 26280.

 

Our preference:

The upside prevails as long as 26280 is support.

 

Alternative scenario:

Below 26280, expect 25910 and 25680.

 

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 26515 and 26464).

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