Market Analysis of Bitcoin on Friday 16 January 2025

2026-01-16 05:42Source:BtcDana

    
Bitcoin / Dollar intraday: the downside prevails as long as 96580 is resistance
 
Our pivot point stands at 96580.
 
Our preference:
The downside prevails as long as 96580 is resistance.
 
Alternative scenario:
Above 96580, look for 97770 and 98480.
 
Comment:
The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 95980 and 96326).

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