Market Analysis of BITCOIN on Thursday 30 May 2024

2024-05-30 10:01Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 68810 is resistance

 

Our pivot point stands at 68810.

 

Our preference:

The downside prevails as long as 68810 is resistance.

 

Alternative scenario:

The upside breakout of 68810, would call for 70080 and 70840.

 

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 68073 and 68160).

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