Market Analysis of BITCOIN on Wednesday 09 October 2024

2024-10-09 10:03Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 62880 is resistance

Our pivot point stands at 62880.

Our preference:

The downside prevails as long as 62880 is resistance.

Alternative scenario:

The upside breakout of 62880, would call for 63810 and 64370.

Comment:

The RSI is below 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 62249 and 62394).

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