Market Analysis of Bitcoin on Wednesday 20 Mar 2024

2024-03-20 10:52Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 66330

 

Our pivot point stands at 62760.

 

Our preference:

Rebound towards 66330.

 

Alternative scenario:

The downside breakout of 62760 would call for 61580 and 60870.

 

Comment:

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 63884 and 64993).

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