Bitcoin Technical Analysis : BTC/USD 10 December 2020

10 December 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 10 December 2020

Bitcoin Technical Analysis : BTCUSD

Date : 10 December 2020

Pivot point : 18732

Our preference : target 17677.

Alternative scenario : above 18732, look for 19105 and 19326.

Comment : the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 MA (18448) but above its 50 MA (18316).

Supports and resistances :

19105 **
18732 *
18586
18341 – Last price
17897
17677 *
17456 **

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.

Source : Trading Central

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