Bitcoin Technical Analysis : BTC/USD 19 December 2022

19 December 2022 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 19 December 2022

Bitcoin Technical Analysis : BTCUSD

Date : 19 December 2022

Pivot point : 16890

Our preference : the downside prevails as long as 16890 is resistance.

Alternative scenario : above 16890, look for 17100 and 17230.

Comment : the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 16751 and 16734).

Supports and resistances :

17230 **
17100 *
16890
16729 – Last price
16470
16340 *
16220 **

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

Source : Trading Central

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