Market Analysis of Bitcoin on Thursday 7 December 2023

2023-12-07 10:26Source:BtcDana

Bitcoin / Dollar intraday: as long as 43420 is support look for 45250

 

Our pivot point stands at 43420.

 

Our preference:

As long as 43420 is support look for 45250.

 

Alternative scenario:

Below 43420, expect 42750 and 42350.

 

Comment:

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (43964) but above its 50 period moving average (43903).

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