Market Analysis of Bitcoin on Friday 24 November 2023

2023-11-24 10:16Source:BtcDana

Bitcoin / Dollar intraday: rebound

 

Our pivot point stands at 36870.

 

Our preference:

Rebound.

 

Alternative scenario:

The downside breakout of 36870 would call for 36340 and 36030.

 

Comment:

The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (37239) but below its 50 period moving average (37355).

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