Market Analysis of Bitcoin on Wednesday 18 January 2023

2023-01-18 12:41Fonte:BtcDana

 

Bitcoin / Dollar intraday: the upside prevails as long as 21080 is support

 

21080 is our pivot point.

 

Our preference:

The upside prevails as long as 21080 is support.

 

Alternative scenario:

The downside breakout of 21080 would call for 20820 and 20660.

 

Comment:

The RSI is above its neutrality area at 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 21259 and 21193).

https://asset.onetrader.online/upload/file/1673971200000/1674016929389.gif

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