Bitcoin Technical Analysis : BTC/USD 5 December 2022

Bitcoin Technical Analysis : BTCUSD

Date : 5 December 2022

Pivot point : 17040

Our preference : the upside prevails as long as 17040 is support.

Alternative scenario : the downside breakout of 17040 would call for 16670 and 16440.

Comment : the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 17195 and 17087).

Supports and resistances :

18240 **
18020 *
17790
17344 – Last price
17040
16670 *
16440 **

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

Source : Trading Central

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