Market Analysis of BITCOIN on Monday 07 October 2024

2024-10-07 10:02Source:BtcDana

Bitcoin / Dollar intraday: as long as 61820 is support look for 65000

Our pivot point is at 61820.

Our preference:

As long as 61820 is support look for 65000.

Alternative scenario:

The downside breakout of 61820 would call for 60600 and 59870.

Comment:

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 62650 and 62276).

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