Bitcoin Technical Analysis : BTC/USD 19 March 2021

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

Bitcoin Technical Analysis : BTC/USD 19 March 2021

Bitcoin Technical Analysis : BTCUSD

Date : 19 March 2021

Pivot point : 56724

Our preference : our next up target stands at 61875.

Alternative scenario : below 56724, expect 54814 and 53677.

Comment : the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 57607 and 58093).

Supports and resistances :

63016 **
61875 *
60733
58226 – Last price
56724
54814 *
53677 **

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

Source : Trading Central

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