Bitcoin Technical Analysis : BTC/USD 10 May 2021

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

Bitcoin Technical Analysis : BTC/USD 10 May 2021

Bitcoin Technical Analysis : BTCUSD

Date : 10 May 2021

Pivot point : 58220

Our preference : the upside prevails as long as 58220 is support.

Alternative scenario : the downside breakout of 58220 would call for 56894 and 56105.

Comment : the RSI is above 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 58545 and 58058).

Supports and resistances :

62456 **
61666 *
60876
59296 – Last price
58220
56894 *
56105 **

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

Source : Trading Central

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