Market Analysis of Bitcoin on Tuesday 2 Apr 2024

2024-04-02 10:07Source:BtcDana

Bitcoin / Dollar intraday: technical rebound towards 71050 before a new drop

 

71050 is our pivot point.

 

Our preference:

Technical rebound towards 71050 before a new drop.

 

Alternative scenario:

Above 71050, look for 72580 and 73480.

 

Comment:

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above its 20 period moving average (69211) but under its 50 period moving average (69767).

Analyst Views Chart

More