Market Analysis of BITCOIN on Friday 2 September 2022

2022-09-02 09:52Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 19630 is support

 

Our pivot point stands at 19630.

 

Our preference:

The upside prevails as long as 19630 is support.

 

Alternative scenario:

The downside breakout of 19630 would call for 19030 and 18680.

 

Comment:

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 19916 and 19977).

https://asset.onetrader.online/upload/file/1662048000000/1662083581597.png

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