Market Analysis of Bitcoin on Wednesday 17 January 2024

2024-01-17 09:55Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 42500 is support

 

Our pivot point stands at 42500.

 

Our preference:

The upside prevails as long as 42500 is support.

 

Alternative scenario:

Below 42500, expect 41760 and 41320.

 

Comment:

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 43017 and 42847).Analyst Views Chart

More