Bitcoin Technical Analysis : BTC/USD 5 January 2021

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

Bitcoin Technical Analysis : BTC/USD 5 January 2021

Bitcoin Technical Analysis : BTCUSD

Date : 5 January 2021

Pivot point : 31588

Our preference : The downside prevails as long as 31588 is resistance.

Alternative scenario : Above 31588, look for 32337 and 32783.

Comment : The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 31600 and 31515).

Supports and resistances :

32337 **
31588 *
31294
30919 – Last price
29680
29240 *
28801 **

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

Source : Trading Central

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