Market Analysis of BITCOIN on Friday 9 September 2022

2022-09-09 09:52Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 18870 is support

 

Our pivot point stands at 18870.

 

Our preference:

The upside prevails as long as 18870 is support.

 

Alternative scenario:

Below 18870, expect 18300 and 17950.

 

Comment:

The RSI is above its neutrality area at 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 19281 and 19262).

https://asset.onetrader.online/upload/file/1662652800000/1662688360517.png

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