Market Analysis of Bitcoin on Monday 24 January 2022

2022-01-24 09:40Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 36100 is resistance

 

36100 is our pivot point.

 

Our preference:

The downside prevails as long as 36100 is resistance.

 

Alternative scenario:

Above 36100, look for 37150 and 37770.

 

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 35397 and 35371).


Analyst Views Chart



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