Market Analysis of Bitcoin on Friday 15 September 2023

2023-09-15 10:08Source:BtcDana

Bitcoin / Dollar intraday: target 25980

 

Our pivot point stands at 26770.

 

Our preference:

Target 25980.

 

Alternative scenario:

The upside breakout of 26770, would call for 27060 and 27230.

 

Comment:

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (26624) but above its 50 period moving average (26449).

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