Market Analysis of Bitcoin on Wednesday 13 Mar 2024

2024-03-13 10:10Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 72110 is resistance

 

Our pivot point stands at 72110.

 

Our preference:

The downside prevails as long as 72110 is resistance.

 

Alternative scenario:

Above 72110, look for 73340 and 74070.

 

Comment:

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 71426 and 71820).

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