Bitcoin Technical Analysis : BTC/USD 3 June 2021

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

Bitcoin Technical Analysis : BTC/USD 3 June 2021

Bitcoin Technical Analysis : BTCUSD

Date : 3 June 2021

Pivot point : 36979

Our preference : the upside prevails as long as 36979 is support.

Alternative scenario : the downside breakout of 36979 would call for 35727 and 34982.

Comment : the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 37638 and 37519).

Supports and resistances :

40988 **
40242 *
39496
38005 – Last price
36979
35727 *
34982 **

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

Source : Trading Central

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