Market Analysis of BITCOIN on Friday 28 June 2024

2024-06-28 10:04Source:BtcDana

Bitcoin / Dollar intraday: target 59630

Our pivot point is at 62290.

Our preference:

Target 59630.

Alternative scenario:

The upside breakout of 62290, would call for 63250 and 63830.

Comment:

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (61553) but above its 50 period moving average (61164).

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