Market Analysis of Bitcoin on Wednesday 07 January 2025

2026-01-07 10:27Source:BtcDana

Bitcoin / Dollar intraday: rebound
 
92310 is our pivot point.
 
Our preference:
Rebound.
 
Alternative scenario:
Below 92310, expect 91050 and 90300.
 
Comment:
The RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price stands above its 20 period moving average (92923) but below its 50 period moving average (93387).

Analyst Views Chart

More