Market Analysis of Bitcoin on Monday 06 March 2023

2023-03-06 16:07Fonte:BtcDana

Bitcoin / Dollar intraday: as long as 22110 is support look for 23080

 

22110 is our pivot point.

 

Our preference:

As long as 22110 is support look for 23080.

 

Alternative scenario:

The downside breakout of 22110 would call for 21740 and 21520.

 

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 trading under its 20 period moving average (22429) but above its 50 period moving average (22400).

https://asset.onetrader.online/upload/file/1678032000000/1678090048013.gif

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