Market Analysis of Bitcoin on Monday 18 December 2023

2023-12-18 10:15Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 41510 is support

 

Our pivot point is at 41510.

 

Our preference:

The upside prevails as long as 41510 is support.

 

Alternative scenario:

The downside breakout of 41510 would call for 40810 and 40400.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 41943 and 41995).

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