Bitcoin Technical Analysis : BTC/USD 21 May 2021

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

Bitcoin Technical Analysis : BTC/USD 21 May 2021

Bitcoin Technical Analysis : BTCUSD

Date : 21 May 2021

Pivot point : 40877

Our preference : the downside prevails as long as 40877 is resistance.

Alternative scenario : the upside breakout of 40877, would call for 41923 and 42545.

Comment : the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 40798 and 40546).

Supports and resistances :

42545 **
41923 *
40877
40055 – Last price
38785
38163 *
37541 **

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

Source : Trading Central

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