Market Analysis of BITCOIN on Thursday 01 August 2024

2024-08-01 09:59Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 65390 is resistance

65390 is our pivot point.

Our preference:

The downside prevails as long as 65390 is resistance.

Alternative scenario:

Above 65390, look for 66340 and 66900.

Comment:

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 65570 and 65929).

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