Bitcoin Technical Analysis : BTC/USD 29 January 2021

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

Bitcoin Technical Analysis : BTC/USD 29 January 2021

Bitcoin Technical Analysis : BTCUSD

Date : 29 January 2021

Pivot point : 33830

Our preference : target 30934.

Alternative scenario : above 33830, look for 34819 and 35408.

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 is trading under its 20 period moving average (33512) but above its 50 period moving average (32478).

Supports and resistances :

35408 **
34819 *
33830
32782 – Last price
31516
30934 *
30352 **

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

Source : Trading Central

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