Market Analysis of Bitcoin on Tuesday 12 Mar 2024

2024-03-12 10:04Source:BtcDana

Bitcoin / Dollar intraday: as long as 71130 is support look for 74370

 

Our pivot point stands at 71130.

 

Our preference:

As long as 71130 is support look for 74370.

 

Alternative scenario:

Below 71130, expect 69970 and 69280.

 

Comment:

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (72192) but above its 50 period moving average (70541).

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