Bitcoin Technical Analysis : BTC/USD 13 May 2021

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

Bitcoin Technical Analysis : BTC/USD 13 May 2021

Bitcoin Technical Analysis : BTCUSD

Date : 13 May 2021

Pivot point : 49543

Our preference : rebound towards 52659.

Alternative scenario : below 49543, expect 48349 and 47638.

Comment : the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 51635 and 54387).

Supports and resistances :

53371 **
52659 *
51948
50525 – Last price
49543
48349 *
47638 **

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

Source : Trading Central

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