Market Analysis of Bitcoin on Thursday 5 October 2023

2023-10-05 10:13Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 27510 is support

 

Our pivot point stands at 27510.

 

Our preference:

The upside prevails as long as 27510 is support.

 

Alternative scenario:

Below 27510, expect 27180 and 26980.

 

Comment:

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 27623 and 27521).

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