Market Analysis of Bitcoin on Friday 12 January 2024

2024-01-12 09:55Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 47440 is resistance

 

47440 is our pivot point.

 

Our preference:

The downside prevails as long as 47440 is resistance.

 

Alternative scenario:

Above 47440, look for 48240 and 48710.

 

Comment:

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 46914 and 46590).

Analyst Views Chart

More