Market Analysis of Bitcoin on Tuesday 12 December 2023

2023-12-12 10:44Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 41240 is resistance

 

41240 is our pivot point.

 

Our preference:

The downside prevails as long as 41240 is resistance.

 

Alternative scenario:

The upside breakout of 41240, would call for 41860 and 42220.

 

Comment:

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 41567 and 42303).

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