Market Analysis of Bitcoin on Wednesday 30 August 2023

2023-08-30 10:17Source:BtcDana

Bitcoin / Dollar intraday: as long as 27520 is support look for 28240

 

Our pivot point stands at 27520.

 

Our preference:

As long as 27520 is support look for 28240.

 

Alternative scenario:

Below 27520, expect 27250 and 27090.

 

Comment:

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is below its 20 period moving average (27743) but above its 50 period moving average (26735).

 

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