Market Analysis of Bitcoin on Tuesday 03 January 2023

2023-01-03 10:11Source:BtcDana

Bitcoin / Dollar intraday: as long as 16430 is support look for 17370

 

Our pivot point stands at 16430.

 

Our preference:

As long as 16430 is support look for 17370.

 

Alternative scenario:

Below 16430, expect 16070 and 15850.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 16715 and 16669).

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