Bitcoin Technical Analysis : BTC/USD 22 September 2021

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

Bitcoin Technical Analysis : BTC/USD 22 September 2021

Bitcoin Technical Analysis : BTCUSD

Date : 22 September 2021

Pivot point : 40924

Our preference : rebound.

Alternative scenario : the downside breakout of 40924 would call for 39681 and 38941.

Comment : the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the price is trading above its 20 period moving average (41524) but under its 50 period moving average (42305).

Supports and resistances :

44887 **
44146 *
43406
41925 – Last price
40924
39681 *
38941 **

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

Source : Trading Central

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