Market Analysis of BITCOIN on Wednesday 4 September 2024

2024-09-04 10:17Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 58460 is resistance

Our pivot point is at 58460.

Our preference:

The downside prevails as long as 58460 is resistance.

Alternative scenario:

Above 58460, look for 59630 and 60320.

Comment:

The RSI is below its neutrality area at 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 57845 and 58572).

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