Bitcoin Technical Analysis : BTC/USD 24 January 2023

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

Bitcoin Technical Analysis : BTC/USD 24 January 2023

Bitcoin Technical Analysis : BTCUSD

Date : 24 January 2023

Pivot point : 23020

Our preference : under pressure below 23020.

Alternative scenario : the upside breakout of 23020, would call for 23300 and 23470.

Comment : the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 22796 and 22765).

Supports and resistances :

23470 **
23300 *
23020
22747 – Last price
22410
22240 *
22070 **

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

Source : Trading Central

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