Market Analysis of Bitcoin on Monday 05 January 2025

2026-01-05 02:06Source:BtcDana

Bitcoin / Dollar intraday: above its upper Bollinger band
 
Our pivot point stands at 90160.
 
Our preference:
The upside prevails as long as 90160 is support.
 
Alternative scenario:
The downside breakout of 90160 would call for 88850 and 88070.
 
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 above its 20 and 50 period moving average (respectively at 91237 and 91217). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (91399).

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