Market Analysis of Bitcoin on Monday 4 December 2023

2023-12-04 10:20Source:BtcDana

Bitcoin / Dollar intraday: as long as 39100 is support look for 40690

 

39100 is our pivot point.

 

Our preference:

As long as 39100 is support look for 40690.

 

Alternative scenario:

Below 39100, expect 38500 and 38140.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (39590) but above its 50 period moving average (39510).

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