Market Analysis of Bitcoin on Tuesday 28 November 2023

2023-11-28 10:17Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 37870

 

Our pivot point stands at 36460.

 

Our preference:

Rebound towards 37870.

 

Alternative scenario:

The downside breakout of 36460 would call for 35940 and 35630.

 

Comment:

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 36951 and 37223).

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