Market Analysis of BITCOIN on Friday 20 September 2024

2024-09-20 10:05Source:BtcDana

Bitcoin / Dollar intraday: as long as 61950 is support look for 65240

61950 is our pivot point.

Our preference:

As long as 61950 is support look for 65240.

Alternative scenario:

Below 61950, expect 60710 and 59970.

Comment:

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading under its 20 period moving average (63190) but above its 50 period moving average (62653).

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