Bitcoin Technical Analysis : BTC/USD 24 March 2021

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

Bitcoin Technical Analysis : BTC/USD 24 March 2021

Bitcoin Technical Analysis : BTCUSD

Date : 24 March 2021

Pivot point : 55368

Our preference : the downside prevails as long as 55368 is resistance.

Alternative scenario : above 55368, look for 57009 and 57986.

Comment : the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 54390 and 54579).

Supports and resistances :

57986 **
57009 *
55368
53885 – Last price
51920
50947 *
49974 **

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

Source : Trading Central

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