Market Analysis of Bitcoin on Monday 28 August 2023

2023-08-28 10:22Source:BtcDana

Bitcoin / Dollar intraday: as long as 25900 is support look for 26610

 

Our pivot point stands at 25900.

 

Our preference:

As long as 25900 is support look for 26610.

 

Alternative scenario:

The downside breakout of 25900 would call for 25640 and 25490.

 

Comment:

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 26097 and 26052).

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