Market Analysis of Bitcoin on Tuesday 18 January 2022

2022-01-18 10:00Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 43210 is resistance

 

Our pivot point stands at 43210.

 

Our preference:

The downside prevails as long as 43210 is resistance.

 

Alternative scenario:

Above 43210, look for 44460 and 45210.

 

Comment:

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 42421 and 42701).


Analyst Views Chart


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