Market Analysis of Bitcoin on Friday 2 February 2024

2024-02-02 09:53Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 42440 is support

 

Our pivot point stands at 42440.

 

Our preference:

The upside prevails as long as 42440 is support.

 

Alternative scenario:

Below 42440, expect 41680 and 41230.

 

Comment:

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 42626 and 42403).Analyst Views Chart

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