Market Analysis of Bitcoin on Friday 6 March 2025

2026-03-06 02:34Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 74140
 
69910 is our pivot point.
 
Our preference:
Rebound towards 74140.
 
Alternative scenario:
The downside breakout of 69910 would call for 68300 and 67350.
 
Comment:
The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 71361 and 72145).

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