Market Analysis of Bitcoin on Friday 01 December 2023

2023-12-01 10:09Source:BtcDana

Bitcoin / Dollar intraday: rebound

 

Our pivot point is at 37280.

 

Our preference:

Rebound.

 

Alternative scenario:

Below 37280, expect 36710 and 36370.

 

Comment:

The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (37756) but under its 50 period moving average (37795).

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