Market Analysis of BITCOIN on Tuesday 3 September 2024

2024-09-03 10:21Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 58160 is support

Our pivot point is at 58160.

Our preference:

The upside prevails as long as 58160 is support.

Alternative scenario:

Below 58160, expect 56970 and 56250.

Comment:

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 58754 and 58239).

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