Market Analysis of Bitcoin on Tuesday 5 December 2023

2023-12-05 10:42Source:BtcDana

Bitcoin / Dollar intraday: as long as 41330 is support look for 43040

 

Our pivot point is at 41330.

 

Our preference:

As long as 41330 is support look for 43040.

 

Alternative scenario:

The downside breakout of 41330 would call for 40690 and 40320.

 

Comment:

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 41677 and 41138).

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