Market Analysis of Bitcoin on Thursday 18 Apr 2024

2024-04-18 10:27Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 63800

 

Our pivot point is at 59610.

 

Our preference:

Rebound towards 63800.

 

Alternative scenario:

The downside breakout of 59610 would call for 58170 and 57310.

 

Comment:

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 61654 and 62877).

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