Bitcoin Technical Analysis : BTC/USD 28 March 2022

28 March 2022 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 28 March 2022

Bitcoin Technical Analysis : BTCUSD

Date : 28 March 2022

Pivot point : 45860

Our preference : as long as 45860 is support look for 49440.

Alternative scenario : below 45860, expect 44460 and 43630.

Comment : the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 46493 and 45418).

Supports and resistances :

50270 **
49440 *
48610
46951 – Last price
45860
44460 *
43630 **

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

Source : Trading Central

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