Market Analysis of Bitcoin on Tuesday 7 May 2024

2024-05-07 10:04Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 64180 is resistance

 

64180 is our pivot point.

 

Our preference:

The downside prevails as long as 64180 is resistance.

 

Alternative scenario:

Above 64180, look for 65590 and 66430.

 

Comment:

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 63618 and 63978).

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