Bitcoin Technical Analysis : BTC/USD 2 December 2022
2 December 2022 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)
Bitcoin Technical Analysis : BTCUSD
Date : 2 December 2022
Pivot point : 16660
Our preference : rebound towards 17600.
Alternative scenario : the downside breakout of 16660 would call for 16290 and 16070.
Comment : the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (16945) but under its 50 period moving average (17010).
Supports and resistances :
17820 **
17600 *
17380
16946 – Last price
16660
16290 *
16070 **
Warning : This information isn’t a buy-sell signal.
Source : Trading Central
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