Market Analysis of Bitcoin on Friday 7 July 2023

2023-07-07 10:15Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 30640 is resistance

 

Our pivot point stands at 30640.

 

Our preference:

The downside prevails as long as 30640 is resistance.

 

Alternative scenario:

Above 30640, look for 31060 and 31310.

 

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 30505 and 30559).

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