Market Analysis of Bitcoin on Thursday 6 July 2023

2023-07-06 10:27Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 31290

 

Our pivot point stands at 30170.

 

Our preference:

Rebound towards 31290.

 

Alternative scenario:

Below 30170, expect 29740 and 29490.

 

Comment:

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (30436) but below its 50 period moving average (30650).

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