Bitcoin Technical Analysis : BTC/USD 16 March 2022

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

Bitcoin Technical Analysis : BTC/USD 16 March 2022

Bitcoin Technical Analysis : BTCUSD

Date : 16 March 2022

Pivot point : 39970

Our preference : under pressure below 39970.

Alternative scenario : above 39970, look for 41130 and 41820.

Comment : the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price stands below its 20 and 50 period moving average (respectively at 39519 and 39145).

Supports and resistances :

41820 **
41130 *
39970
39036 – Last price
37660
36970 *
36280 **

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

Source : Trading Central

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