Bitcoin Technical Analysis : BTC/USD 7 January 2021

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

Bitcoin Technical Analysis : BTC/USD 7 January 2021

Bitcoin Technical Analysis : BTCUSD

Date : 7 January 2021

Pivot point : 36447

Our preference : As long as 36447 is support look for 39203.

Alternative scenario : The downside breakout of 36447 would call for 35550 and 35016.

Comment : The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 36918 and 35662).

Supports and resistances :

39744 **
39203 *
38663
37161 – Last price
36800
36447 *
35550 **

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

Source : Trading Central

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