Market Analysis of Bitcoin on Monday 25 Mar 2024

2024-03-25 10:21Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 65210 is support

 

Our pivot point is at 65210.

 

Our preference:

The upside prevails as long as 65210 is support.

 

Alternative scenario:

Below 65210, expect 63980 and 63250.

 

Comment:

The RSI is above its neutrality area at 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 65602 and 64986).

 

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