Bitcoin Technical Analysis : BTC/USD 21 December 2022

21 December 2022 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 21 December 2022

Bitcoin Technical Analysis : BTCUSD

Date : 21 December 2022

Pivot point : 17120

Our preference : the downside prevails as long as 17120 is resistance.

Alternative scenario : the upside breakout of 17120, would call for 17490 and 17710.

Comment : the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 16859 and 16839).

Supports and resistances :

17710 **
17490 *
17120
16824 – Last price
16380
16150 *
15930 **

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

Source : Trading Central

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