Bitcoin Technical Analysis : BTC/USD 21 December 2020

21 December 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 21 December 2020

Bitcoin Technical Analysis : BTCUSD

Date : 21 December 2020

Pivot point : 23310

Our preference : Rise to 23310.

Alternative scenario : The downside breakout of 23310 would call for 22813 and 22517.

Comment : The RSI is below its neutrality area at 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the price is above its 20 and 50 period moving average (respectively at 23734 and 23682).

Supports and resistances :

25087 **
24788 *
24490
23741 – Last price
23505
23310 *
22813 **

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

Source : Trading Central

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