Market Analysis of Bitcoin on Friday 8 Mar 2024

2024-03-08 10:04Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 66990 is support

 

66990 is our pivot point.

 

Our preference:

The upside prevails as long as 66990 is support.

 

Alternative scenario:

The downside breakout of 66990 would call for 65900 and 65250.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 67326 and 66738).

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