Market Analysis of Bitcoin on Monday 10 July 2023

2023-07-10 10:20Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 30600 is resistance

 

30600 is our pivot point.

 

Our preference:

The downside prevails as long as 30600 is resistance.

 

Alternative scenario:

Above 30600, look for 31020 and 31270.

 

Comment:

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 30300 and 30277).

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