Bitcoin Technical Analysis : BTC/USD 20 May 2021

20 May 2021 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 20 May 2021

Bitcoin Technical Analysis : BTCUSD

Date : 20 May 2021

Pivot point : 38627

Our preference : the upside prevails as long as 38627 is support.

Alternative scenario : the downside breakout of 38627 would call for 37597 and 36984.

Comment : the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 38245 and 38419).

Supports and resistances :

42062 **
41446 *
40831
39575 – Last price
38627
37597 *
36984 **

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

Source : Trading Central

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