Bitcoin Technical Analysis : BTC/USD 3 December 2021

3 December 2021 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 3 December 2021

Bitcoin Technical Analysis : BTCUSD

Date : 3 December 2021

Pivot point : 55450

Our preference : our next up target stands at 59920.

Alternative scenario : below 55450, expect 53770 and 52770.

Comment : the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is above its 20 and 50 period moving average (respectively at 56634 and 56653).

Supports and resistances :

60920 **
59920 *
58910
56854 – Last price
55450
53770 *
52770 **

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

Source : Trading Central

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