Market Analysis of Bitcoin on Monday 22 January 2024

2024-01-22 10:05Source:BtcDana

Bitcoin / Dollar intraday: as long as 41140 is support look for 43000

 

Our pivot point stands at 41140.

 

Our preference:

As long as 41140 is support look for 43000.

 

Alternative scenario:

Below 41140, expect 40430 and 40000.

 

Comment:

The RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 41704 and 41671).

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