Market Analysis of Bitcoin on Wednesday 12 April 2023

2023-04-12 14:10Fonte:BtcDana

Bitcoin / Dollar intraday: as long as 29750 is support look for 31340

 

29750 is our pivot point.

 

Our preference:

As long as 29750 is support look for 31340.

 

Alternative scenario:

Below 29750, expect 29130 and 28770.

 

Comment:

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 30212 and 30132).

https://asset.onetrader.online/upload/file/1681228800000/1681279850828.gif

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