Market Analysis of Bitcoin on Thursday 08 January 2025

2026-01-08 14:18Source:BtcDana

Bitcoin / Dollar intraday: rebound towards 93400
 
Our pivot point is at 89950.
 
Our preference:
Rebound towards 93400.
 
Alternative scenario:
Below 89950, expect 88710 and 87980.
 
Comment:
The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 91206 and 92016).

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