Market Analysis of BITCOIN on Thursday 03 October 2024

2024-10-03 10:04Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 61620 is resistance

61620 is our pivot point.

Our preference:

The downside prevails as long as 61620 is resistance.

Alternative scenario:

Above 61620, look for 62790 and 63490.

Comment:

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 61035 and 61251).

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