Market Analysis of BITCOIN on Thursday 29 September 2022

2022-09-29 09:55Source:BtcDana

Bitcoin / Dollar intraday: as long as 19080 is support look for 20200

 

Our pivot point is at 19080.

 

Our preference:

As long as 19080 is support look for 20200.

 

Alternative scenario:

Below 19080, expect 18680 and 18440.

 

Comment:

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (19508) but above its 50 period moving average (19135).

https://asset.onetrader.online/upload/file/1664380800000/1664416631082.png

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