Market Analysis of Bitcoin on Friday 8 September 2023

2023-09-08 10:19Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 25620 is support

 

25620 is our pivot point.

 

Our preference:

The upside prevails as long as 25620 is support.

 

Alternative scenario:

Below 25620, expect 25320 and 25140.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 25761 and 25750).

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