Market Analysis of Bitcoin on Monday 8 January 2024

2024-01-08 10:49Source:BtcDana

Bitcoin / Dollar intraday: as long as 43630 is support look for 45450

 

Our pivot point is at 43630.

 

Our preference:

As long as 43630 is support look for 45450.

 

Alternative scenario:

Below 43630, expect 42940 and 42540.

 

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 44172 and 44061).

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