Bitcoin Technical Analysis : BTC/USD 20 January 2022

20 January 2022 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 20 January 2022

Bitcoin Technical Analysis : BTCUSD

Date : 20 January 2022

Pivot point : 40840

Our preference : rebound towards 44040.

Alternative scenario : below 40840, expect 39600 and 38860.

Comment : the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 41841 and 41858).

Supports and resistances :

44770 **
44040 *
43300
41817 – Last price
40840
39600 *
38860 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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