Market Analysis of Bitcoin on Thursday 22 January 2025

2026-01-22 02:27Source:BtcDana

Bitcoin / Dollar intraday: the upside prevails as long as 88680 is support
 
88680 is our pivot point.
 
Our preference:
The upside prevails as long as 88680 is support.
 
Alternative scenario:
Below 88680, expect 87620 and 86980.
 
Comment:
The RSI is above 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 89358 and 89162).

 

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