Bitcoin Technical Analysis : BTC/USD 18 January 2021

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

Bitcoin Technical Analysis : BTC/USD 18 January 2021

Bitcoin Technical Analysis : BTCUSD

Date : 18 January 2021

Pivot point : 36151

Our preference : the downside prevails as long as 36151 is resistance.

Alternative scenario : the upside breakout of 36151, would call for 37073 and 37621.

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 35780 and 35479).

Supports and resistances :

37621 **
37073 *
36151
35212 – Last price
34084
33540 *
32996 **

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

Source : Trading Central

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