Market Analysis of Bitcoin on Thursday 14 Mar 2024

2024-03-14 10:10Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 72040 is support

 

Our pivot point stands at 72040.

 

Our preference:

The upside prevails as long as 72040 is support.

 

Alternative scenario:

The downside breakout of 72040 would call for 70780 and 70030.

 

Comment:

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 72915 and 72435).

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