Bitcoin Technical Analysis : BTC/USD 17 March 2022

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

Bitcoin Technical Analysis : BTC/USD 17 March 2022

Bitcoin Technical Analysis : BTCUSD

Date : 17 March 2022

Pivot point : 40140

Our preference : as long as 40140 is support look for 43320.

Alternative scenario : below 40140, expect 38920 and 38190.

Comment : the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 41109 and 40586).

Supports and resistances :

44040 **
43320 *
42590
41135 – Last price
40140
38920 *
38190 **

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

Source : Trading Central

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