Market Analysis of Bitcoin on Wednesday 3 Apr 2024

2024-04-03 10:09Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 68410

 

Our pivot point stands at 64640.

 

Our preference:

Rebound towards 68410.

 

Alternative scenario:

The downside breakout of 64640 would call for 63200 and 62350.

 

Comment:

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (65663) but below its 50 period moving average (66553).

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