Bitcoin Technical Analysis : BTC/USD 22 April 2021

22 April 2021 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 22 April 2021

Bitcoin Technical Analysis : BTCUSD

Date : 22 April 2021

Pivot point : 53264

Our preference : rebound towards 56720.

Alternative scenario : the downside breakout of 53264 would call for 51967 and 51195.

Comment : the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price is trading above its 20 period moving average (54280) but under its 50 period moving average (55019).

Supports and resistances :

57494 **
56720 *
55947
54377 – Last price
53264
51967 *
51195 **

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

Source : Trading Central

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