Bitcoin Technical Analysis : BTC/USD 24 May 2021

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

Bitcoin Technical Analysis : BTC/USD 24 May 2021

Bitcoin Technical Analysis : BTCUSD

Date : 24 May 2021

Pivot point : 34242

Our preference : the upside prevails as long as 34242 is support.

Alternative scenario : below 34242, expect 33329 and 32786.

Comment : the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 34721 and 34611).

Supports and resistances :

37426 **
36879 *
36331
35202 – Last price
34242
33329 *
32786 **

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

Source : Trading Central

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