Bitcoin Technical Analysis : BTC/USD 26 January 2021

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

Bitcoin Technical Analysis : BTC/USD 26 January 2021

Bitcoin Technical Analysis : BTCUSD

Date : 26 January 2021

Pivot point : 38255

Our preference : target 23695.

Alternative scenario : the upside breakout of 38255, would call for 45074 and 49134.

Comment : the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (35678) but above its 50 period moving average (29178).

Supports and resistances :

49134 **
45074 *
38255
31829 – Last price
23695
19813 *
15932 **

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

Source : Trading Central

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