Market Analysis of Bitcoin on Thursday 04 June 2026

2026-06-04 02:30Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 65130 is resistance
 
Our pivot point stands at 65130.
 
Our preference:
The downside prevails as long as 65130 is resistance.
 
Alternative scenario:
Above 65130, look for 65870 and 66320.
 
Comment:
The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 65606 and 66329).

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