Market Analysis of Bitcoin on Thursday 25 Apr 2024

2024-04-25 10:01Source:BtcDana

Bitcoin / Dollar intraday: as long as 65420 is support look for 69570

 

65420 is our pivot point.

 

Our preference:

As long as 65420 is support look for 69570.

 

Alternative scenario:

The downside breakout of 65420 would call for 63810 and 62850.

 

Comment:

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 66676 and 66526).

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