Market Analysis of BITCOIN on Wednesday 28 September 2022

2022-09-28 09:45Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 19790

 

Our pivot point is at 18760.

 

Our preference:

Rebound towards 19790.

 

Alternative scenario:

Below 18760, expect 18370 and 18140.

 

Comment:

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 19223 and 19716).

https://asset.onetrader.online/upload/file/1664294400000/1664329529156.png

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