Market Analysis of Bitcoin on Wednesday 27 September 2023

2023-09-27 10:11Source:BtcDana

Bitcoin / Dollar intraday: rebound

 

25960 is our pivot point.

 

Our preference:

Rebound.

 

Alternative scenario:

Below 25960, expect 25660 and 25480.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (26198) but under its 50 period moving average (26261).

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