Market Analysis of BITCOIN on Wednesday 26 June 2024

2024-06-26 09:59Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 61080 is support

Our pivot point stands at 61080.

Our preference:

The upside prevails as long as 61080 is support.

Alternative scenario:

The downside breakout of 61080 would call for 60110 and 59530.

Comment:

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 61550 and 60930).

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