Bitcoin Technical Analysis : BTC/USD 17 March 2021

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

Bitcoin Technical Analysis : BTC/USD 17 March 2021

Bitcoin Technical Analysis : BTCUSD

Date : 17 March 2021

Pivot point : 54425

Our preference : look for a drop towards 54425 before a bounce.

Alternative scenario : below 54425, expect 52592 and 51501.

Comment : the RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI should trigger further losses. Moreover, the price is below its 20 period moving average (56143) but above its 50 period moving average (55716).

Supports and resistances :

60609 **
59511 *
58413
56108 – Last price
54425
52592 *
51501 **

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.

Source : Trading Central

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