Market Analysis of Bitcoin on Thursday 19 January 2023

2023-01-19 10:16Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 21060 is resistance

 

21060 is our pivot point.

 

Our preference:

The downside prevails as long as 21060 is resistance.

 

Alternative scenario:

The upside breakout of 21060, would call for 21320 and 21480.

 

Comment:

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 21079 and 21190).

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