Market Analysis of Bitcoin on Tuesday 16 Apr 2024

2024-04-16 10:09Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 64630 is resistance

 

Our pivot point stands at 64630.

 

Our preference:

The downside prevails as long as 64630 is resistance.

 

Alternative scenario:

The upside breakout of 64630, would call for 66070 and 66920.

 

Comment:

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 64902 and 65177).

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