Bitcoin Technical Analysis : BTC/USD 22 March 2023

Bitcoin Technical Analysis : BTCUSD

Date : 22 March 2023

Pivot point : 27630

Our preference : as long as 27630 is support look for 29140.

Alternative scenario : the downside breakout of 27630 would call for 27060 and 26730.

Comment : the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading under its 20 period moving average (28114) but above its 50 period moving average (28008).

Supports and resistances :

29470 **
29140 *
28800
28100 – Last price
27630
27060 *
26730 **

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

Source : Trading Central

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