Market Analysis of Bitcoin on Tuesday 7 November 2023

2023-11-07 10:43Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 35320 is resistance

 

Our pivot point stands at 35320.

 

Our preference:

The downside prevails as long as 35320 is resistance.

 

Alternative scenario:

Above 35320, look for 35750 and 36000.

 

Comment:

The RSI is below its neutrality area at 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 35065 and 35002).

Analyst Views Chart

More