Market Analysis of Bitcoin on Friday 26 January 2024

2024-01-26 09:56Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 40440 is resistance

 

40440 is our pivot point.

 

Our preference:

The downside prevails as long as 40440 is resistance.

 

Alternative scenario:

Above 40440, look for 41130 and 41530.

 

Comment:

The RSI is below 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 39893 and 39934).

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