Bitcoin Technical Analysis : BTC/USD 6 January 2021

Bitcoin Technical Analysis : BTCUSD

Date : 6 January 2021

Pivot point : 34311

Our preference : The upside prevails as long as 34311 is support.

Alternative scenario : The downside breakout of 34311 would call for 33466 and 32963.

Comment : The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 34318 and 32914).

Supports and resistances :

37386 **
36878 *
36370
35327 – Last price
34643
34311 *
33466 **

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

Source : Trading Central

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