Market Analysis of Bitcoin on Monday 8 Apr 2024

2024-04-08 10:08Source:BtcDana

Bitcoin / Dollar intraday: under pressure below 70670

 

Our pivot point stands at 70670.

 

Our preference:

Under pressure below 70670.

 

Alternative scenario:

Above 70670, look for 72190 and 73090.

 

Comment:

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 69540 and 69292).

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