Market Analysis of Bitcoin on Thursday 11 Apr 2024

2024-04-11 12:36Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 69310 is support

 

Our pivot point is at 69310.

 

Our preference:

The upside prevails as long as 69310 is support.

 

Alternative scenario:

Below 69310, expect 67710 and 66760.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 69695 and 69262).

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