Market Analysis of Bitcoin on Tuesday 5 Mar 2024

2024-03-05 09:57Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 66360 is support

 

Our pivot point stands at 66360.

 

Our preference:

The upside prevails as long as 66360 is support.

 

Alternative scenario:

Below 66360, expect 65280 and 64640.

 

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 66246 and 64755).

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