Market Analysis of Bitcoin on Thursday 28 September 2023

2023-09-28 10:35Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 26510 is resistance

 

Our pivot point stands at 26510.

 

Our preference:

The downside prevails as long as 26510 is resistance.

 

Alternative scenario:

Above 26510, look for 26810 and 26990.

 

Comment:

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 26392 and 26293).

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