Market Analysis of Bitcoin on Monday 27 November 2023

2023-11-27 10:17Source:BtcDana

Bitcoin / Dollar intraday: rebound

 

37000 is our pivot point.

 

Our preference:

Rebound.

 

Alternative scenario:

Below 37000, expect 36470 and 36160.

 

Comment:

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (37424) but below its 50 period moving average (37633).

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