Bitcoin Technical Analysis : BTC/USD 20 March 2023

Bitcoin Technical Analysis : BTCUSD

Date : 20 March 2023

Pivot point : 27960

Our preference : under pressure below 27960.

Alternative scenario : the upside breakout of 27960, would call for 28500 and 28820.

Comment : the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 28016 and 27570).

Supports and resistances :

28820 **
28500 *
27960
27525 – Last price
26840
26520 *
26200 **

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

Source : Trading Central

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