Market Analysis of BITCOIN on Monday 10 June 2024

2024-06-10 10:23Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 68700 is support

Our pivot point is at 68700.

Our preference:

The upside prevails as long as 68700 is support.

Alternative scenario:

The downside breakout of 68700 would call for 67470 and 66740.

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 69530 and 69396).

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