Market Analysis of Bitcoin on Thursday 9 May 2024

2024-05-09 10:03Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 62210 is resistance

 

Our pivot point is at 62210.

 

Our preference:

The downside prevails as long as 62210 is resistance.

 

Alternative scenario:

Above 62210, look for 63530 and 64320.

 

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 61917 and 62230).

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