Market Analysis of Bitcoin on Friday 25 August 2023

2023-08-25 10:10Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 26330 is resistance

 

Our pivot point is at 26330.

 

Our preference:

The downside prevails as long as 26330 is resistance.

 

Alternative scenario:

Above 26330, look for 26590 and 26750.

 

Comment:

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 26206 and 26357).

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