Market Analysis of BITCOIN on Wednesday 25 September 2024

2024-09-25 10:07Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 63230 is support

Our pivot point is at 63230.

Our preference:

The upside prevails as long as 63230 is support.

Alternative scenario:

Below 63230, expect 61960 and 61200.

Comment:

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 63863 and 63534).

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