Market Analysis of BITCOIN on Thursday 13 June 2024

2024-06-13 10:02Source:BtcDana

Bitcoin / Dollar intraday: under pressure below 69470

Our pivot point is at 69470.

Our preference:

Under pressure below 69470.

Alternative scenario:

The upside breakout of 69470, would call for 70620 and 71310.

Comment:

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 68979 and 68000).

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