Bitcoin Technical Analysis : BTC/USD 8 January 2021

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

Bitcoin Technical Analysis : BTC/USD 8 January 2021

Bitcoin Technical Analysis : BTCUSD

Date : 8 January 2021

Pivot point : 39287

Our preference : eye 35978.

Alternative scenario : above 39287, look for 40218 and 40773.

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 is below its 20 period moving average (38799) but above its 50 period moving average (38316).

Supports and resistances :

40773 **
40218 *
39287
38503 – Last price
36519
35978 *
35438 **

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

Source : Trading Central

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