Market Analysis of Bitcoin on Wednesday 3 January 2024

2024-01-03 10:09Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 45370 is resistance

 

Our pivot point stands at 45370.

 

Our preference:

The downside prevails as long as 45370 is resistance.

 

Alternative scenario:

Above 45370, look for 46060 and 46480.

 

Comment:

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 45222 and 45079).

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