Market Analysis of BITCOIN on Wednesday 18 September 2024

2024-09-18 10:03Source:BtcDana

Bitcoin / Dollar intraday: as long as 59380 is support look for 62470

Our pivot point stands at 59380.

Our preference:

As long as 59380 is support look for 62470.

Alternative scenario:

Below 59380, expect 58190 and 57480.

Comment:

The RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is below its 20 period moving average (60527) but above its 50 period moving average (59377).

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