Market Analysis of Bitcoin on Friday 22 September 2023

2023-09-22 10:13Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 27110

 

Our pivot point is at 26330.

 

Our preference:

Rebound towards 27110.

 

Alternative scenario:

The downside breakout of 26330 would call for 26020 and 25840.

 

Comment:

The RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 26591 and 26771).

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