Bitcoin Technical Analysis : BTC/USD 12 March 2021

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

Bitcoin Technical Analysis : BTC/USD 12 March 2021

Bitcoin Technical Analysis : BTCUSD

Date : 12 March 2021

Pivot point : 55617

Our preference : as long as 55617 is support look for 60925.

Alternative scenario : below 55617, expect 53651 and 52481.

Comment : the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 57286 and 56595).

Supports and resistances :

62100 **
60925 *
59750
57306 – Last price
55617
53651 *
52481 **

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

Source : Trading Central

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