Market Analysis of Bitcoin on Tuesday 5 September 2023

2023-09-05 10:20Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 26330

 

25660 is our pivot point.

 

Our preference:

Rebound towards 26330.

 

Alternative scenario:

The downside breakout of 25660 would call for 25410 and 25260.

 

Comment:

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (25868) but under its 50 period moving average (25927).

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