Market Analysis of BITCOIN on Monday 2 September 2024

2024-09-02 10:03Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 58270 is resistance

Our pivot point stands at 58270.

Our preference:

The downside prevails as long as 58270 is resistance.

Alternative scenario:

Above 58270, look for 59430 and 60130.

Comment:

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 58033 and 58207).

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