Bitcoin Technical Analysis : BTC/USD 15 March 2023

Bitcoin Technical Analysis : BTCUSD

Date : 15 March 2023

Pivot point : 25540

Our preference : the upside prevails as long as 25540 is support.

Alternative scenario : below 25540, expect 25030 and 24730.

Comment : the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 24874 and 24496).

Supports and resistances :

27270 **
26960 *
26660
25950 – Last price
25540
25030 *
24730 **

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

Source : Trading Central

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