Market Analysis of BITCOIN on Friday 27 September 2024

2024-09-27 09:59Source:BtcDana

Bitcoin / Dollar intraday: as long as 64130 is support look for 67480

Our pivot point is at 64130.

Our preference:

As long as 64130 is support look for 67480.

Alternative scenario:

The downside breakout of 64130 would call for 62840 and 62080.

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 above both its 20 and 50 period moving average (respectively at 65050 and 64266).

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