Bitcoin Technical Analysis : BTC/USD 16 March 2023

Bitcoin Technical Analysis : BTCUSD

Date : 16 March 2023

Pivot point : 24020

Our preference : rebound towards 25320.

Alternative scenario : below 24020, expect 23540 and 23250.

Comment : the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 24434 and 24626).

Supports and resistances :

25610 **
25320 *
25040
24412 – Last price
24020
23540 *
23250 **

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

Source : Trading Central

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