Bitcoin Technical Analysis : BTC/USD 19 April 2021

19 April 2021 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 19 April 2021

Bitcoin Technical Analysis : BTCUSD

Date : 19 April 2021

Pivot point : 55945

Our preference : the upside prevails as long as 55945 is support.

Alternative scenario : the downside breakout of 55945 would call for 54572 and 53754.

Comment : the RSI is above 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 56627 and 55859).

Supports and resistances :

60322 **
59504 *
58686
57040 – Last price
55945
54572 *
53754 **

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

Source : Trading Central

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