Bitcoin Technical Analysis : BTC/USD 31 May 2021

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

Bitcoin Technical Analysis : BTC/USD 31 May 2021

Bitcoin Technical Analysis : BTCUSD

Date : 31 May 2021

Pivot point : 35377

Our preference : the downside prevails as long as 35377 is resistance.

Alternative scenario : above 35377, look for 36485 and 37144.

Comment : the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 35308 and 35556).

Supports and resistances :

37144 **
36485 *
35377
34439 – Last price
33123
32465 *
31807 **

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

Source : Trading Central

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