Bitcoin Technical Analysis : BTC/USD 21 December 2021

21 December 2021 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 21 December 2021

Bitcoin Technical Analysis : BTCUSD

Date : 21 December 2021

Pivot point : 47450

Our preference : the upside prevails as long as 47450 is support.

Alternative scenario : the downside breakout of 47450 would call for 46010 and 45150.

Comment : the RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). 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 47242 and 46618). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (48561).

Supports and resistances :

52200 **
51340 *
50480
48632 – Last price
47450
46010 *
45150 **

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

Source : Trading Central

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