Bitcoin Technical Analysis : BTC/USD 25 January 2021

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

Bitcoin Technical Analysis : BTC/USD 25 January 2021

Bitcoin Technical Analysis : BTCUSD

Date : 25 January 2021

Pivot point : 32639

Our preference : the upside prevails as long as 32639 is support.

Alternative scenario : below 32639, expect 31715 and 31165.

Comment : the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 32675 and 32444).

Supports and resistances :

35686 **
35134 *
34582
33394 – Last price
32639
31715 *
31165 **

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

Source : Trading Central

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