Market Analysis of Bitcoin on Monday 6 November 2023

2023-11-06 10:16Source:BtcDana

Bitcoin / Dollar intraday: technical rebound towards 35450 before a new drop

 

35450 is our pivot point.

 

Our preference:

Technical rebound towards 35450 before a new drop.

 

Alternative scenario:

The upside breakout of 35450, would call for 35880 and 36140.

 

Comment:

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price stands above its 20 period moving average (35038) but below its 50 period moving average (35061).Analyst Views Chart

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