Market Analysis of Bitcoin on Monday 29 Apr 2024

2024-04-29 10:01Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 64310 is resistance

 

Our pivot point stands at 64310.

 

Our preference:

The downside prevails as long as 64310 is resistance.

 

Alternative scenario:

The upside breakout of 64310, would call for 65840 and 66750.

 

Comment:

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 63527 and 63647).

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