Market Analysis of Bitcoin on Wednesday 6 September 2023

2023-09-06 10:12Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 25970 is resistance

 

Our pivot point stands at 25970.

 

Our preference:

The downside prevails as long as 25970 is resistance.

 

Alternative scenario:

Above 25970, look for 26270 and 26440.

 

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 25732 and 25733).

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