Bitcoin Technical Analysis : BTC/USD 24 December 2021

24 December 2021 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 24 December 2021

Bitcoin Technical Analysis : BTCUSD

Date : 24 December 2021

Pivot point : 49680

Our preference : as long as 49680 is support look for 53640.

Alternative scenario : the downside breakout of 49680 would call for 48170 and 47270.

Comment : the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is below its 20 period moving average (50957) but above its 50 period moving average (49726).

Supports and resistances :

54540 **
53640 *
52740
50931 – Last price
49680
48170 *
47270 **

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

Source : Trading Central

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