Market Analysis of Bitcoin on Thursday 4 Apr 2024

2024-04-04 10:37Source:BtcDana

Bitcoin / Dollar intraday: our next up target stands at 68770

 

65010 is our pivot point.

 

Our preference:

Our next up target stands at 68770.

 

Alternative scenario:

The downside breakout of 65010 would call for 63570 and 62710.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 66065 and 66047).

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