Bitcoin Technical Analysis : BTC/USD 12 April 2021

12 April 2021 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 12 April 2021

Bitcoin Technical Analysis : BTCUSD

Date : 12 April 2021

Pivot point : 58735

Our preference : the upside prevails as long as 58735 is support.

Alternative scenario : below 58735, expect 57015 and 55991.

Comment : the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 59859 and 59728).

Supports and resistances :

64224 **
63199 *
62174
60124 – Last price
58735
57015 *
55991 **

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

Source : Trading Central

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