Bitcoin Technical Analysis : BTC/USD 25 May 2021

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

Bitcoin Technical Analysis : BTC/USD 25 May 2021

Bitcoin Technical Analysis : BTCUSD

Date : 25 May 2021

Pivot point : 39434

Our preference : target 35916.

Alternative scenario : the upside breakout of 39434, would call for 40669 and 41404.

Comment : the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the price is below its 20 period moving average (38713) but above its 50 period moving average (37704).

Supports and resistances :

41404 **
40669 *
39434
38106 – Last price
36644
35916 *
35189 **

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

Source : Trading Central

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