Bitcoin Technical Analysis : BTC/USD 1 April 2022

1 April 2022 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 1 April 2022

Bitcoin Technical Analysis : BTCUSD

Date : 1 April 2022

Pivot point : 45760

Our preference : the downside prevails as long as 45760 is resistance.

Alternative scenario : above 45760, look for 47090 and 47880.

Comment : the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 45301 and 46215).

Supports and resistances :

47880 **
47090 *
45760
44702 – Last price
43090
42300 *
41510 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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