Bitcoin Technical Analysis : BTC/USD 17 March 2023

Bitcoin Technical Analysis : BTCUSD

Date : 17 March 2023

Pivot point : 25250

Our preference : the upside prevails as long as 25250 is support.

Alternative scenario : the downside breakout of 25250 would call for 24740 and 24440.

Comment : the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 25123 and 24871).

Supports and resistances :

26890 **
26590 *
26290
25691 – Last price
25250
24740 *
24440 **

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

Source : Trading Central

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