Bitcoin Technical Analysis : BTC/USD 12 May 2022

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

Bitcoin Technical Analysis : BTC/USD 12 May 2022

Bitcoin Technical Analysis : BTCUSD

Date : 12 May 2022

Pivot point : 28690

Our preference : the downside prevails as long as 28690 is resistance.

Alternative scenario : the upside breakout of 28690, would call for 29520 and 30020.

Comment : the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 28831 and 30092).

Supports and resistances :

30020 **
29520 *
28690
27890 – Last price
26700
26210 *
25720 **

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

Source : Trading Central

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