Market Analysis of Bitcoin on Monday 18 September 2023

2023-09-18 10:20Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 26740 is resistance

 

Our pivot point stands at 26740.

 

Our preference:

The downside prevails as long as 26740 is resistance.

 

Alternative scenario:

The upside breakout of 26740, would call for 27040 and 27210.

 

Comment:

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 26553 and 26548).

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