Market Analysis of BITCOIN on Tuesday 11 June 2024

2024-06-11 10:18Source:BtcDana

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

Our pivot point stands at 68700.

Our preference:

The upside prevails as long as 68700 is support.

Alternative scenario:

Below 68700, expect 67480 and 66750.

Comment:

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 69638 and 69605).

More