Bitcoin Technical Analysis : BTC/USD 20 January 2023

20 January 2023 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 20 January 2023

Bitcoin Technical Analysis : BTCUSD

Date : 20 January 2023

Pivot point : 20880

Our preference : as long as 20880 is support look for 21570.

Alternative scenario : below 20880, expect 20620 and 20470.

Comment : the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 21056 and 20903).

Supports and resistances :

21730 **
21570 *
21420
21103 – Last price
20880
20620 *
20470 **

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

Source : Trading Central

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