Market Analysis of Bitcoin on Thursday 7 Mar 2024

2024-03-07 09:56Source:BtcDana

Bitcoin / Dollar intraday: as long as 66110 is support look for 69250

 

Our pivot point is at 66110.

 

Our preference:

As long as 66110 is support look for 69250.

 

Alternative scenario:

The downside breakout of 66110 would call for 65030 and 64390.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 66825 and 65498).

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