Market Analysis of BITCOIN on Friday 14 June 2024

2024-06-14 10:03Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 67540 is resistance

67540 is our pivot point.

Our preference:

The downside prevails as long as 67540 is resistance.

Alternative scenario:

The upside breakout of 67540, would call for 68660 and 69330.

Comment:

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 67184 and 67567).

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