Bitcoin Technical Analysis : BTC/USD 5 January 2023

5 January 2023 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 5 January 2023

Bitcoin Technical Analysis : BTCUSD

Date : 5 January 2023

Pivot point : 16560

Our preference : as long as 16560 is support look for 17480.

Alternative scenario : below 16560, expect 16200 and 15990.

Comment : the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 16832 and 16842).

Supports and resistances :

17690 **
17480 *
17270
16843 – Last price
16560
16200 *
15990 **

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

Source : Trading Central

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