Bitcoin Technical Analysis : BTC/USD 31 March 2022

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

Bitcoin Technical Analysis : BTC/USD 31 March 2022

Bitcoin Technical Analysis : BTCUSD

Date : 31 March 2022

Pivot point : 48160

Our preference : the downside prevails as long as 48160 is resistance.

Alternative scenario : above 48160, look for 49560 and 50390.

Comment : the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 47152 and 47247).

Supports and resistances :

50390 **
49560 *
48160
47065 – Last price
45400
44570 *
43740 **

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

Source : Trading Central

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