Market Analysis of Bitcoin on Monday 15 January 2024

2024-01-15 10:11Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 43280 is resistance

 

Our pivot point is at 43280.

 

Our preference:

The downside prevails as long as 43280 is resistance.

 

Alternative scenario:

Above 43280, look for 44010 and 44440.

 

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 stands below its 20 and 50 period moving average (respectively at 42833 and 42835).

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