Bitcoin Technical Analysis : BTC/USD 11 May 2021

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

Bitcoin Technical Analysis : BTC/USD 11 May 2021

Bitcoin Technical Analysis : BTCUSD

Date : 11 May 2021

Pivot point : 63718

Our preference : as long as 63718 is resistance look for 38579.

Alternative scenario : above 63718, look for 72969 and 78475.

Comment : the RSI is below 50. The MACD is above its signal line and positive. The break above the 50 area on the RSI should trigger further gains. Moreover, the price is trading above its 20 period moving average (55115) but under its 50 period moving average (56752).

Supports and resistances :

78475 **
72969 *
63718
55456 – Last price
43899
38579 *
33259 **

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

Source : Trading Central

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