Market Analysis of Bitcoin on Thursday 04 June 2026

2026-06-05 03:44Source:BtcDana

Bitcoin / Dollar intraday: our next up target stands at 64890
 
Our pivot point stands at 62820.
 
Our preference:
Our next up target stands at 64890.
 
Alternative scenario:
The downside breakout of 62820 would call for 62080 and 61640.
 
Comment:
The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading under its 20 period moving average (63598) but above its 50 period moving average (63496).

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