Bitcoin Technical Analysis : BTC/USD 22 January 2021

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

Bitcoin Technical Analysis : BTC/USD 22 January 2021

Bitcoin Technical Analysis : BTCUSD

Date : 22 January 2021

Pivot point : 30928

Our preference : rebound.

Alternative scenario : the downside breakout of 30928 would call for 30053 and 29531.

Comment : the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (30810) but under its 50 period moving average (31887).

Supports and resistances :

33991 **
33465 *
32939
31690 – Last price
30928
30053 *
29531 **

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

Source : Trading Central

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