Market Analysis of Bitcoin on Tuesday 20 February 2024

2024-02-20 10:09Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 52590 is resistance

 

Our pivot point is at 52590.

 

Our preference:

The downside prevails as long as 52590 is resistance.

 

Alternative scenario:

Above 52590, look for 53430 and 53920.

 

Comment:

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 52106 and 52136).

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