Market Analysis of Bitcoin on Tuesday 16 January 2024

2024-01-16 09:54Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 42330 is support

 

42330 is our pivot point.

 

Our preference:

The upside prevails as long as 42330 is support.

 

Alternative scenario:

Below 42330, expect 41600 and 41160.

 

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 42679 and 42548).

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