Market Analysis of BITCOIN on Tuesday 17 September 2024

2024-09-17 10:04Source:BtcDana

Bitcoin / Dollar intraday: rebound

Our pivot point stands at 57240.

Our preference:

Rebound.

Alternative scenario:

Below 57240, expect 56040 and 55330.

Comment:

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (57914) but under its 50 period moving average (58346).

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