Market Analysis of Bitcoin on Thursday 05 January 2023

2023-01-05 17:23Fonte:BtcDana

 

Bitcoin / Dollar intraday: under pressure below 17110

 

17110 is our pivot point.

 

Our preference:

Under pressure below 17110.

 

Alternative scenario:

Above 17110, look for 17470 and 17680.

 

Comment:

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 16843 and 16798).

https://asset.onetrader.online/upload/file/1672848000000/1672910654635.gif

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