Bitcoin Technical Analysis : BTC/USD 20 January 2021

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

Bitcoin Technical Analysis : BTC/USD 20 January 2021

Bitcoin Technical Analysis : BTCUSD

Date : 20 January 2021

Pivot point : 36341

Our preference : the downside prevails as long as 36341 is resistance.

Alternative scenario : above 36341, look for 37326 and 37912.

Comment : the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 35932 and 36573).

Supports and resistances :

37912 **
37326 *
36341
35567 – Last price
34361
33775 *
33189 **

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

Source : Trading Central

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