Market Analysis of Bitcoin on Thursday 26 January 2023

2023-01-26 10:23Source:BtcDana

Bitcoin / Dollar intraday: above its upper Bollinger band

 

Our pivot point stands at 22610.

 

Our preference:

The upside prevails as long as 22610 is support.

 

Alternative scenario:

Below 22610, expect 22310 and 22140.

 

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 above its 20 and 50 period moving average (respectively at 22650 and 22670). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 22876).

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