Bitcoin Technical Analysis : BTC/USD 19 September 2022

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

Bitcoin Technical Analysis : BTC/USD 19 September 2022

Bitcoin Technical Analysis : BTCUSD

Date : 19 September 2022

Pivot point : 19110

Our preference : the downside prevails as long as 19110 is resistance.

Alternative scenario : the upside breakout of 19110, would call for 19490 and 19710.

Comment : the RSI is trading below 30. This could mean that either the price is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 19307 and 19671).

Supports and resistances :

19710 **
19490 *
19110
18806 – Last price
18350
18130 *
17900 **

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

Source : Trading Central

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