Market Analysis of Bitcoin on Monday 22 Apr 2024

2024-04-22 10:08Source:BtcDana

Bitcoin / Dollar intraday: technical rebound towards 66180 before a new drop

 

Our pivot point stands at 66180.

 

Our preference:

Technical rebound towards 66180 before a new drop.

 

Alternative scenario:

Above 66180, look for 67720 and 68640.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price stands above its 20 period moving average (64823) but below its 50 period moving average (64971).

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