Market Analysis of Bitcoin on Friday 09 January 2025

2026-01-09 02:05Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 90160 is support
 
90160 is our pivot point.
 
Our preference:
The upside prevails as long as 90160 is support.
 
Alternative scenario:
The downside breakout of 90160 would call for 88930 and 88190.
 
Comment:
The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 90759 and 90641).

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