Market Analysis of Bitcoin on Monday 09 January 2023

2023-01-09 10:11Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 16790 is support

 

16790 is our pivot point.

 

Our preference:

The upside prevails as long as 16790 is support.

 

Alternative scenario:

Below 16790, expect 16570 and 16450.

 

Comment:

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 16940 and 16939).

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