Market Analysis of BITCOIN on Thursday 29 August 2024

2024-08-29 10:05Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 61230

Our pivot point stands at 58090.

Our preference:

Rebound towards 61230.

Alternative scenario:

Below 58090, expect 56890 and 56180.

Comment:

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (59059) but below its 50 period moving average (59308).

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