Market Analysis of Bitcoin on Friday 8 December 2023

2023-12-08 10:11Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 43770 is resistance

 

43770 is our pivot point.

 

Our preference:

The downside prevails as long as 43770 is resistance.

 

Alternative scenario:

Above 43770, look for 44430 and 44820.

 

Comment:

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 43404 and 43633).

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