Bitcoin Technical Analysis : BTC/USD 16 December 2022

Bitcoin Technical Analysis : BTCUSD

Date : 16 December 2022

Pivot point : 17230

Our preference : rebound towards 17800.

Alternative scenario : below 17230, expect 17020 and 16890.

Comment : the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (17400) but under its 50 period moving average (17537).

Supports and resistances :

17930 **
17800 *
17670
17412 – Last price
17230
17020 *
16890 **

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

Source : Trading Central

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