Market Analysis of BITCOIN on Monday 26 August 2024

2024-08-26 10:00Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 63270 is support

Our pivot point stands at 63270.

Our preference:

The upside prevails as long as 63270 is support.

Alternative scenario:

Below 63270, expect 61980 and 61220.

Comment:

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 64266 and 64149).

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