Market Analysis of Bitcoin on Monday 18 Mar 2024

2024-03-18 10:18Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 67420 is support

 

67420 is our pivot point.

 

Our preference:

The upside prevails as long as 67420 is support.

 

Alternative scenario:

Below 67420, expect 66240 and 65530.

 

Comment:

The RSI is above 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 67682 and 66759).

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