Market Analysis of Bitcoin on Tuesday 27 June 20

2023-06-27 10:08Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 30550 is resistance

 

Our pivot point stands at 30550.

 

Our preference:

The downside prevails as long as 30550 is resistance.

 

Alternative scenario:

Above 30550, look for 30950 and 31190.

 

Comment:

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 30290 and 30322).

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