Bitcoin Technical Analysis : BTC/USD 10 March 2021

10 March 2021 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 10 March 2021

Bitcoin Technical Analysis : BTCUSD

Date : 10 March 2021

Pivot point : 53453

Our preference : the upside prevails as long as 53453 is support.

Alternative scenario : the downside breakout of 53453 would call for 51564 and 50439.

Comment : the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 54260 and 54309).

Supports and resistances :

59486 **
58360 *
57235
54983 – Last price
53453
51564 *
50439 **

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

Source : Trading Central

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