Market Analysis of Bitcoin on Tuesday 23 Apr 2024

2024-04-23 11:05Source:BtcDana

Bitcoin / Dollar intraday: as long as 64980 is support look for 69240

 

Our pivot point is at 64980.

 

Our preference:

As long as 64980 is support look for 69240.

 

Alternative scenario:

The downside breakout of 64980 would call for 63410 and 62480.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 66203 and 65704).

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