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Bitcoin / Dollar intraday: the upside prevails as long as 39460 is support

2024-01-25
1049

39460 is our pivot point.

Our preference: the upside prevails as long as 39460 is support.

Alternative scenario: the downside breakout of 39460 would call for 38770 and 38360.

Comment: the RSI is above its neutrality area at 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 39830 and 39408).

Supports and resistances:

42050 **

41640 *

41230 **

40820

40000 last

39730

39460 **

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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