Market Analysis of BITCOIN on Wednesday 5 June 2024

2024-06-05 10:04Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 69110 is support

Our pivot point stands at 69110.

Our preference:

The upside prevails as long as 69110 is support.

Alternative scenario:

Below 69110, expect 67880 and 67150.

Comment:

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 69869 and 69357).

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