Market Analysis of Bitcoin on Monday 11 Mar 2024

2024-03-11 10:09Source:BtcDana

Bitcoin / Dollar intraday: target 67400

 

70340 is our pivot point.

 

Our preference:

Target 67400.

 

Alternative scenario:

Above 70340, look for 71450 and 72120.

 

Comment:

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (69553) but above its 50 period moving average (69298).

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