Market Analysis of Bitcoin on Friday 29 September 2023

2023-09-29 10:09Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 26830 is support

 

Our pivot point stands at 26830.

 

Our preference:

The upside prevails as long as 26830 is support.

 

Alternative scenario:

The downside breakout of 26830 would call for 26520 and 26340.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 26805 and 26545).

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