Market Analysis of Bitcoin on Thursday 9 November 2023

2023-11-09 10:13Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 35150 is support

 

Our pivot point stands at 35150.

 

Our preference:

The upside prevails as long as 35150 is support.

 

Alternative scenario:

Below 35150, expect 34710 and 34450.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 35406 and 35377).

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