Market Analysis of BITCOIN on Monday 14 October 2024

2024-10-14 09:56Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 62060 is support

Our pivot point stands at 62060.

Our preference:

The upside prevails as long as 62060 is support.

Alternative scenario:

Below 62060, expect 61120 and 60550.

Comment:

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 62581 and 62718).

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