Market Analysis of BITCOIN on Friday 31 May 2024

2024-05-31 10:04Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 67590 is support

 

67590 is our pivot point.

 

Our preference:

The upside prevails as long as 67590 is support.

 

Alternative scenario:

The downside breakout of 67590 would call for 66300 and 65530.

 

Comment:

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 68492 and 68015).

Analyst Views Chart

More