Market Analysis of Bitcoin on Wednesday 19 January 2022

2022-01-19 09:55Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 43930

 

Our pivot point is at 40570.

 

Our preference:

Rebound towards 43930.

 

Alternative scenario:

Below 40570, expect 39330 and 38600.

 

Comment:

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (41643) but under its 50 period moving average (41909).


Analyst Views Chart



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