Bitcoin Technical Analysis : BTC/USD 25 January 2022

25 January 2022 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 25 January 2022

Bitcoin Technical Analysis : BTCUSD

Date : 25 January 2022

Pivot point : 36930

Our preference : target 33970.

Alternative scenario : the upside breakout of 36930, would call for 38000 and 38640.

Comment : the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (36381) but above its 50 period moving average (35267).

Supports and resistances :

38640 **
38000 *
36930
35875 – Last price
34610
33970 *
33340 **

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

Source : Trading Central

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