Market Analysis of Bitcoin on Tuesday 3 October 2023

2023-10-03 10:16Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 28140 is resistance

 

28140 is our pivot point.

 

Our preference:

The downside prevails as long as 28140 is resistance.

 

Alternative scenario:

The upside breakout of 28140, would call for 28460 and 28650.

 

Comment:

The RSI is below its neutrality area at 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 28177 and 27996).

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