Bitcoin Technical Analysis : BTC/USD 17 December 2021

17 December 2021 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 17 December 2021

Bitcoin Technical Analysis : BTCUSD

Date : 17 December 2021

Pivot point : 46710

Our preference : rebound towards 50440.

Alternative scenario : below 46710, expect 45290 and 44450.

Comment : the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 47866 and 48342).

Supports and resistances :

51280 **
50440 *
49590
47829 – Last price
46710
45290 *
44450 **

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

Source : Trading Central

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