Market Analysis of Bitcoin on Tuesday 30 Apr 2024

2024-04-30 10:05Source:BtcDana

Bitcoin / Dollar intraday: as long as 63980 is resistance look for 59940

 

63980 is our pivot point.

 

Our preference:

As long as 63980 is resistance look for 59940.

 

Alternative scenario:

Above 63980, look for 65500 and 66410.

 

Comment:

The RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the price stands above its 20 period moving average (62683) but below its 50 period moving average (62805).

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