Bitcoin Technical Analysis : BTC/USD 4 January 2021

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

Bitcoin Technical Analysis : BTC/USD 4 January 2021

Bitcoin Technical Analysis : BTCUSD

Date : 4 January 2021

Pivot point : 32299

Our preference : Rebound.

Alternative scenario : The downside breakout of 32299 would call for 31530 and 31072.

Comment : The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (33294) but under its 50 period moving average (33542).

Supports and resistances :

35314 **
34848 *
34383
33349 – Last price
32601
32299 *
31530 **

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

Source : Trading Central

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