Market Analysis of BITCOIN on Tuesday 10 September 2024

2024-09-10 10:16Source:BtcDana

Bitcoin / Dollar intraday: as long as 56040 is support look for 59140

56040 is our pivot point.

Our preference:

As long as 56040 is support look for 59140.

Alternative scenario:

The downside breakout of 56040 would call for 54890 and 54200.

Comment:

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 56659 and 55721).

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