Market Analysis of Bitcoin on Friday 17 May 2024

2024-05-17 10:02Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 66640 is resistance

 

Our pivot point stands at 66640.

 

Our preference:

The downside prevails as long as 66640 is resistance.

 

Alternative scenario:

Above 66640, look for 68050 and 68890.

 

Comment:

The RSI is below 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 65705 and 65915).

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