Market Analysis of BITCOIN on Tuesday 01 October 2024

2024-10-01 10:16Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 65660

Our pivot point stands at 62320.

Our preference:

Rebound towards 65660.

Alternative scenario:

The downside breakout of 62320 would call for 61070 and 60320.

Comment:

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 63541 and 64028).

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