Bitcoin Technical Analysis : BTC/USD 14 March 2022

14 March 2022 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 14 March 2022

Bitcoin Technical Analysis : BTCUSD

Date : 14 March 2022

Pivot point : 37640

Our preference : rebound.

Alternative scenario : the downside breakout of 37640 would call for 36490 and 35810.

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 trigger further gains. Moreover, the price is trading above its 20 period moving average (38268) but under its 50 period moving average (38677).

Supports and resistances :

41300 **
40620 *
39940
38577 – Last price
37640
36490 *
35810 **

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

Source : Trading Central

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