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Bitcoin / Dollar ST: the downside prevails as long as 43550 is resistance

2024-01-23
313

Our pivot point stands at 43550.

Our preference: the downside prevails as long as 43550 is resistance.

Alternative scenario: the upside breakout of 43550, would call for 48290 and 51120.

Comment: the RSI is below 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 43176 and 43087).

Supports and resistances:

51120 **

48290 *

43550 **

41690

39792 last

33850

31060 **

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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