Bitcoin Technical Analysis : BTC/USD 1 July 2021

1 July 2021 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 1 July 2021

Bitcoin Technical Analysis : BTCUSD

Date : 1 July 2021

Pivot point : 35341

Our preference : the downside prevails as long as 35341 is resistance.

Alternative scenario : the upside breakout of 35341, would call for 36612 and 37369.

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 34663 and 34691).

Supports and resistances :

37369 **
36612 *
35341
34327 – Last price
32814
32057 *
31301 **

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

Source : Trading Central

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