Bitcoin Technical Analysis : BTC/USD 18 March 2022

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

Bitcoin Technical Analysis : BTC/USD 18 March 2022

Bitcoin Technical Analysis : BTCUSD

Date : 18 March 2022

Pivot point : 39810

Our preference : rebound.

Alternative scenario : below 39810, expect 38600 and 37880.

Comment : the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above its 20 period moving average (40717) but under its 50 period moving average (40810).

Supports and resistances :

43660 **
42940 *
42220
40771 – Last price
39810
38600 *
37880 **

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

Source : Trading Central

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