Market Analysis of Bitcoin on Tuesday 17 January 2023

2023-01-17 10:06Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 21080 is support

 

21080 is our pivot point.

 

Our preference:

The upside prevails as long as 21080 is support.

 

Alternative scenario:

Below 21080, expect 20860 and 20740.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 21015 and 21008).

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