Market Analysis of Bitcoin on Friday 5 Apr 2024

2024-04-05 10:16Source:BtcDana

Bitcoin / Dollar intraday: as long as 66760 is support look for 70620

 

66760 is our pivot point.

 

Our preference:

As long as 66760 is support look for 70620.

 

Alternative scenario:

Below 66760, expect 65280 and 64390.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (68029) but above its 50 period moving average (66859).

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