Market Analysis of Bitcoin on Wednesday 17 Apr 2024

2024-04-17 10:46Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 65670

 

Our pivot point is at 61530.

 

Our preference:

Rebound towards 65670.

 

Alternative scenario:

The downside breakout of 61530 would call for 60040 and 59150.

 

Comment:

The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (62642) but under its 50 period moving average (62963).

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