Market Analysis of BITCOIN on Wednesday 29 May 2024

2024-05-29 10:05Source:BtcDana

Bitcoin / Dollar intraday: rebound

 

Our pivot point stands at 67160.

 

Our preference:

Rebound.

 

Alternative scenario:

Below 67160, expect 65880 and 65120.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (68082) but below its 50 period moving average (68436).

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