Bitcoin Technical Analysis : BTC/USD 11 May 2022

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

Bitcoin Technical Analysis : BTC/USD 11 May 2022

Bitcoin Technical Analysis : BTCUSD

Date : 11 May 2022

Pivot point : 30580

Our preference : rebound.

Alternative scenario : below 30580, expect 29650 and 29100.

Comment : the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (31066) but under its 50 period moving average (31381).

Supports and resistances :

33580 **
33020 *
32470
31312 – Last price
30580
29650 *
29100 **

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

Source : Trading Central

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