Market Analysis of Bitcoin on Wednesday 27 Mar 2024

2024-03-27 10:03Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 71030 is resistance

 

Our pivot point is at 71030.

 

Our preference:

The downside prevails as long as 71030 is resistance.

 

Alternative scenario:

Above 71030, look for 72540 and 73440.

 

Comment:

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 70187 and 70377).

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