Market Analysis of Bitcoin on Tuesday 19 Mar 2024

2024-03-19 10:10Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 68170 is resistance

 

Our pivot point stands at 68170.

 

Our preference:

The downside prevails as long as 68170 is resistance.

 

Alternative scenario:

Above 68170, look for 69330 and 70020.

 

Comment:

The RSI is below its neutrality area at 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 67485 and 67821).

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