Bitcoin Technical Analysis : BTC/USD 3 May 2021

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

Bitcoin Technical Analysis : BTC/USD 3 May 2021

Bitcoin Technical Analysis : BTCUSD

Date : 3 May 2021

Pivot point : 56770

Our preference : the upside prevails as long as 56770 is support.

Alternative scenario : the downside breakout of 56770 would call for 55428 and 54628.

Comment : the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 57343 and 56986).

Supports and resistances :

61022 **
60222 *
59423
57825 – Last price
56770
55428 *
54628 **

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.

Source : Trading Central

If you open a live account with a broker that support Trading Central, you’ll get all technical analysis.



5 Popular Forex Brokers
Forex Auto Rebate / Cashback

All Likerebateforex members will receive the special discount or highest rebate rate 100% of our IB commissions. (Free! No additional conditions, fees and deals restrictions)

Forex Brokers

Direct special discount

Highest rebate rate 100%