Bitcoin Technical Analysis : BTC/USD 17 May 2021

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

Bitcoin Technical Analysis : BTC/USD 17 May 2021

Bitcoin Technical Analysis : BTCUSD

Date : 17 May 2021

Pivot point : 44357

Our preference : the downside prevails as long as 44357 is resistance.

Alternative scenario : the upside breakout of 44357, would call for 45387 and 46000.

Comment : the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 44782 and 46891).

Supports and resistances :

46000 **
45387 *
44357
43536 – Last price
42311
41698 *
41085 **

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

Source : Trading Central

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