Market Analysis of Bitcoin on Tuesday 04 January 2022

2022-01-04 10:55Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 47030 is resistance

 

Our pivot point stands at 47030.

 

Our preference:

The downside prevails as long as 47030 is resistance.

 

Alternative scenario:

Above 47030, look for 48390 and 49200.

 

Comment:

The RSI is below its neutrality area at 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 46771 and 46931).

 https://asset.onetrader.online/upload/file/1641225600000/1641265075083.gif

This material is from Trading Central and is being posted with permission from Trading Central. The views expressed in this material are solely those of the author and/or Trading View and BTCDana is not endorsing or recommending any investment or trading discussed in the material. Before acting on this material, you should consider whether it is suitable for your circumstances and as necessary, seek professional advice.


More