Market Analysis of Bitcoin on Thursday 29 January 2025

2026-01-29 03:46Source:BtcDana

Bitcoin / Dollar intraday: the downside prevails as long as 90030 is resistance
 
Our pivot point is at 90030.
 
Our preference:
The downside prevails as long as 90030 is resistance.
 
Alternative scenario:
The upside breakout of 90030, would call for 91120 and 91770.
 
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 89388 and 89298).

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