Market Analysis of Bitcoin on Thursday 7 September 2023

2023-09-07 10:15Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 26230

 

25440 is our pivot point.

 

Our preference:

Rebound towards 26230.

 

Alternative scenario:

The downside breakout of 25440 would call for 25140 and 24960.

 

Comment:

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (25668) but below its 50 period moving average (25720).

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