Bitcoin Technical Analysis : BTC/USD 16 September 2022

Bitcoin Technical Analysis : BTCUSD

Date : 16 September 2022

Pivot point : 19490

Our preference : rebound towards 20520.

Alternative scenario : the downside breakout of 19490 would call for 19090 and 18860.

Comment : the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands above its 20 period moving average (19772) but below its 50 period moving average (19920).

Supports and resistances :

20750 **
20520 *
20280
19804 – Last price
19490
19090 *
18860 **

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

Source : Trading Central

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