Market Analysis of BITCOIN on Friday 30 August 2024

2024-08-30 10:06Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 60330 is resistance

60330 is our pivot point.

Our preference:

The downside prevails as long as 60330 is resistance.

Alternative scenario:

The upside breakout of 60330, would call for 61530 and 62250.

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 stands below its 20 and 50 period moving average (respectively at 59825 and 59679).

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