Market Analysis of Bitcoin on Monday 11 December 2023

2023-12-11 10:56Source:BtcDana

Bitcoin / Dollar intraday: above its upper Bollinger band

 

43310 is our pivot point.

 

Our preference:

The upside prevails as long as 43310 is support.

 

Alternative scenario:

Below 43310, expect 42650 and 42250.

 

Comment:

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 43833 and 43841). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 43940).

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