Bitcoin Technical Analysis : BTC/USD 29 December 2022

29 December 2022 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 29 December 2022

Bitcoin Technical Analysis : BTCUSD

Date : 29 December 2022

Pivot point : 16250

Our preference : rebound towards 17170.

Alternative scenario : the downside breakout of 16250 would call for 15890 and 15680.

Comment : the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 16559 and 16608).

Supports and resistances :

17380 **
17170 *
16960
16527 – Last price
16250
15890 *
15680 **

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

Source : Trading Central

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