Bitcoin Technical Analysis : BTC/USD 2 April 2021

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

Bitcoin Technical Analysis : BTC/USD 2 April 2021

Bitcoin Technical Analysis : BTCUSD

Date : 2 April 2021

Pivot point : 58159

Our preference : the upside prevails as long as 58159 is support.

Alternative scenario : the downside breakout of 58159 would call for 56407 and 55364.

Comment : the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 59095 and 58929).

Supports and resistances :

63738 **
62695 *
61652
59560 – Last price
58159
56407 *
55364 **

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

Source : Trading Central

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