Market Analysis of BITCOIN on Monday 9 June 2025

2025-06-09 10:04Source:BtcDana

Bitcoin / Dollar intraday: target 102820

 

Our pivot point stands at 107120.

 

Our preference:

Target 102820.

 

Alternative scenario:

Above 107120, look for 108770 and 109740.

 

Comment:

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (106124) but above its 50 period moving average (105776).

 

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