Bitcoin Technical Analysis : BTC/USD 23 December 2020

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

Bitcoin Technical Analysis : BTC/USD 23 December 2020

Bitcoin Technical Analysis : BTCUSD

Date : 23 December 2020

Pivot point : 23982

Our preference : Target 22489.

Alternative scenario : The upside breakout of 23982, would call for 24513 and 24828.

Comment : The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the price is trading under its 20 period moving average (23624) but above its 50 period moving average (23308).

Supports and resistances :

24513 **
23982 *
23774
23448 – Last price
22804
22489 *
22175 **

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

Source : Trading Central

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