Bitcoin Technical Analysis : BTC/USD 10 May 2022

10 May 2022 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 10 May 2022

Bitcoin Technical Analysis : BTCUSD

Date : 10 May 2022

Pivot point : 30240

Our preference : rebound towards 32740.

Alternative scenario : below 30240, expect 29320 and 28770.

Comment : the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (30860) but below its 50 period moving average (32038).

Supports and resistances :

33290 **
32740 *
32190
31034 – Last price
30240
29320 *
28770 **

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

Source : Trading Central

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