Bitcoin Technical Analysis : BTC/USD 15 January 2021

Bitcoin Technical Analysis : BTCUSD

Date : 15 January 2021

Pivot point : 38718

Our preference : the downside prevails as long as 38718 is resistance.

Alternative scenario : above 38718, look for 39704 and 40292.

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 38825 and 38813). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 37842).

Supports and resistances :

40292 **
39704 *
38718
37791 – Last price
36398
35817 *
35236 **

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

Source : Trading Central

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