Market Analysis of Bitcoin on Monday 26 February 2024

2024-02-26 10:09Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 51130 is support

 

Our pivot point is at 51130.

 

Our preference:

The upside prevails as long as 51130 is support.

 

Alternative scenario:

The downside breakout of 51130 would call for 50300 and 49810.

 

Comment:

The RSI is above its neutrality area at 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 51614 and 51610).

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