Market Analysis of BITCOIN on Thursday 12 December 2024

2024-12-12 10:10Source:BtcDana

Bitcoin / Dollar intraday: as long as 99690 is support look for 104400

Our pivot point stands at 99690.

Our preference:

As long as 99690 is support look for 104400.

Alternative scenario:

Below 99690, expect 97910 and 96860.

Comment:

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 100884 and 98899).

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