Market Analysis of Bitcoin on Monday 3 July 2023

2023-07-03 10:39Source:BtcDana

Bitcoin / Dollar intraday: our next up target stands at 31350

 

Our pivot point stands at 30200.

 

Our preference:

Our next up target stands at 31350.

 

Alternative scenario:

Below 30200, expect 29760 and 29500.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 30528 and 30547).

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