Market Analysis of BITCOIN on Wednesday 25 January 2023

2023-01-25 12:15Fonte:BtcDana

 

Bitcoin / Dollar intraday: the downside prevails as long as 23120 is resistance

 

Our pivot point is at 23120.

 

Our preference:

The downside prevails as long as 23120 is resistance.

 

Alternative scenario:

Above 23120, look for 23420 and 23600.

 

Comment:

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 22981 and 22965).

https://asset.onetrader.online/upload/file/1674576000000/1674620134889.gif

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