Market Analysis of BITCOIN on Tuesday 08 October 2024

2024-10-08 10:08Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 63260 is resistance

Our pivot point is at 63260.

Our preference:

The downside prevails as long as 63260 is resistance.

Alternative scenario:

The upside breakout of 63260, would call for 64470 and 65190.

Comment:

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 63234 and 63329).

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