Market Analysis of Bitcoin on Friday 22 Mar 2024

2024-03-22 10:15Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 66560 is resistance

 

Our pivot point stands at 66560.

 

Our preference:

The downside prevails as long as 66560 is resistance.

 

Alternative scenario:

The upside breakout of 66560, would call for 67780 and 68510.

 

Comment:

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 66353 and 66916).

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