Market Analysis of Bitcoin on Wednesday 24 Apr 2024

2024-04-24 10:01Source:BtcDana

Bitcoin / Dollar intraday: as long as 67870 is resistance look for 63600

 

Our pivot point is at 67870.

 

Our preference:

As long as 67870 is resistance look for 63600.

 

Alternative scenario:

The upside breakout of 67870, would call for 69480 and 70440.

 

Comment:

The RSI is below 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI would call for further upside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 66499 and 66542).

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