Bitcoin Technical Analysis : BTC/USD 23 January 2023

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

Bitcoin Technical Analysis : BTC/USD 23 January 2023

Bitcoin Technical Analysis : BTCUSD

Date : 23 January 2023

Pivot point : 22520

Our preference : rebound.

Alternative scenario : the downside breakout of 22520 would call for 22230 and 22070.

Comment : the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (22678) but under its 50 period moving average (22790).

Supports and resistances :

23420 **
23250 *
23090
22745 – Last price
22520
22230 *
22070 **

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

Source : Trading Central

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