Market Analysis of Bitcoin on Thursday 21 December 2023

2023-12-21 10:25Source:BtcDana

Bitcoin / Dollar intraday: as long as 43050 is support look for 45110

 

Our pivot point is at 43050.

 

Our preference:

As long as 43050 is support look for 45110.

 

Alternative scenario:

The downside breakout of 43050 would call for 42320 and 41890.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 43678 and 43008).

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