Market Analysis of Bitcoin on Tuesday 26 September 2023

2023-09-26 10:14Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 26040 is support

 

Our pivot point is at 26040.

 

Our preference:

The upside prevails as long as 26040 is support.

 

Alternative scenario:

The downside breakout of 26040 would call for 25740 and 25560.

 

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 26201 and 26230).

More