Bitcoin Technical Analysis : BTC/USD 27 March 2023

Bitcoin Technical Analysis : BTCUSD

Date : 27 March 2023

Pivot point : 28310

Our preference : target 26840.

Alternative scenario : the upside breakout of 28310, would call for 28870 and 29200.

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 (27894) but above its 50 period moving average (27780).

Supports and resistances :

29200 **
28870 *
28310
27864 – Last price
27170
26840 *
26500 **

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

Source : Trading Central

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