Market Analysis of Bitcoin on Wednesday 08 October 2025

2025-10-08 02:00Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 123830
 
Our pivot point is at 120350.
 
Our preference:
Rebound towards 123830.
 
Alternative scenario:
The downside breakout of 120350 would call for 119020 and 118230.
 
Comment:
The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 121719 and 123298).

Analyst Views Chart

More