Market Analysis of BITCOIN on Tuesday 02 July 2024

2024-07-02 10:09Source:BtcDana

Bitcoin / Dollar intraday: as long as 62040 is support look for 64770

62040 is our pivot point.

Our preference:

As long as 62040 is support look for 64770.

Alternative scenario:

Below 62040, expect 61050 and 60460.

Comment:

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (62991) but above its 50 period moving average (62548).

More