Bitcoin Technical Analysis : BTC/USD 14 January 2021

14 January 2021 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 14 January 2021

Bitcoin Technical Analysis : BTCUSD

Date : 14 January 2021

Pivot point : 36715

Our preference : as long as 36715 is support look for 39841.

Alternative scenario : below 36715, expect 35741 and 35161.

Comment : the RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 37336 and 35741).

Supports and resistances :

40430 **
39841 *
39252
38074 – Last price
36715
35741 *
35161 **

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.

Source : Trading Central

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