Market Analysis of Bitcoin on Friday 29 August 2025

2025-08-29 10:02Source:BtcDana

Bitcoin / Dollar intraday: rebound

 

Our pivot point stands at 111560.

 

Our preference:

Rebound.

 

Alternative scenario:

The downside breakout of 111560 would call for 110370 and 109670.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (112416) but below its 50 period moving average (112509).

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