Market Analysis of BITCOIN on Thursday 12 September 2024

2024-09-12 10:04Source:BtcDana

Bitcoin / Dollar intraday: as long as 56410 is support look for 59510

Our pivot point is at 56410.

Our preference:

As long as 56410 is support look for 59510.

Alternative scenario:

The downside breakout of 56410 would call for 55230 and 54530.

Comment:

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 57291 and 56932).

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