Market Analysis of Bitcoin on Wednesday 24 January 2024

2024-01-24 10:09Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 40520

 

Our pivot point stands at 38640.

 

Our preference:

Rebound towards 40520.

 

Alternative scenario:

Below 38640, expect 37970 and 37560.

 

Comment:

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (39064) but below its 50 period moving average (39474).

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