Market Analysis of BITCOIN on Tuesday 18 June 2024

2024-06-18 10:10Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 65760 is support

Our pivot point stands at 65760.

Our preference:

The upside prevails as long as 65760 is support.

Alternative scenario:

Below 65760, expect 64640 and 63980.

Comment:

The RSI is above its neutrality area at 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 65909 and 66183).

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