Market Analysis of BITCOIN on Monday 9 September 2024

2024-09-09 10:03Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 53960 is support

Our pivot point is at 53960.

Our preference:

The upside prevails as long as 53960 is support.

Alternative scenario:

The downside breakout of 53960 would call for 52840 and 52180.

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 54382 and 54381).

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