Bitcoin Technical Analysis : BTC/USD 18 December 2020

18 December 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 18 December 2020

Bitcoin Technical Analysis : BTCUSD

Date : 18 December 2020

Pivot point : 22511

Our preference : The upside prevails as long as 22511 is support.

Alternative scenario : Below 22511, expect 22031 and 21745.

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 22884 and 22892).

Supports and resistances :

24330 **
24041 *
23752
23120 – Last price
22699
22511 *
22031 **

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

Source : Trading Central

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