Market Analysis of Bitcoin on Tuesday 14 May 2024

2024-05-14 10:06Source:BtcDana

Bitcoin / Dollar intraday: as long as 61910 is support look for 65540

 

Our pivot point is at 61910.

 

Our preference:

As long as 61910 is support look for 65540.

 

Alternative scenario:

Below 61910, expect 60550 and 59740.

 

Comment:

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 62840 and 62039).

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