Market Analysis of BITCOIN on Monday 27 May 2024

2024-05-27 10:02Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 69550 is resistance

 

69550 is our pivot point.

 

Our preference:

The downside prevails as long as 69550 is resistance.

 

Alternative scenario:

The upside breakout of 69550, would call for 70880 and 71670.

 

Comment:

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 68726 and 68935).

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