Market Analysis of BITCOIN on Thursday 26 September 2024

2024-09-26 10:01Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 64130 is resistance

Our pivot point is at 64130.

Our preference:

The downside prevails as long as 64130 is resistance.

Alternative scenario:

The upside breakout of 64130, would call for 65370 and 66120.

Comment:

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 63363 and 63737).

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