Bitcoin Technical Analysis : BTC/USD 16 June 2021

16 June 2021 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 16 June 2021

Bitcoin Technical Analysis : BTCUSD

Date : 16 June 2021

Pivot point : 39155

Our preference : our next up target stands at 42892.

Alternative scenario : below 39155, expect 37704 and 36840.

Comment : the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 40061 and 40166).

Supports and resistances :

43756 **
42892 *
42028
40300 – Last price
39155
37704 *
36840 **

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

Source : Trading Central

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