Market Analysis of Bitcoin on Thursday 4 January 2024

2024-01-04 10:19Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 44050

 

Our pivot point stands at 42140.

 

Our preference:

Rebound towards 44050.

 

Alternative scenario:

The downside breakout of 42140 would call for 41480 and 41080.

 

Comment:

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 42817 and 44232).

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