Market Analysis of Bitcoin on Wednesday 01 October 2025

2025-10-01 02:19Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 113040 is support
 
Our pivot point is at 113040.
 
Our preference:
The upside prevails as long as 113040 is support.
 
Alternative scenario:
The downside breakout of 113040 would call for 111830 and 111110.
 
Comment:
The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 113779 and 113780).

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