Bitcoin Technical Analysis : BTC/USD 22 December 2020

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

Bitcoin Technical Analysis : BTC/USD 22 December 2020

Bitcoin Technical Analysis : BTCUSD

Date : 22 December 2020

Pivot point : 22388

Our preference : Rebound towards 23735.

Alternative scenario : Below 22388, expect 21875 and 21570.

Comment : The RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 22877 and 22988).

Supports and resistances :

24041 **
23735 *
23429
22791 – Last price
22590
22388 *
21875 **

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

Source : Trading Central

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