Bitcoin Technical Analysis : BTC/USD 6 December 2021

6 December 2021 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 6 December 2021

Bitcoin Technical Analysis : BTCUSD

Date : 6 December 2021

Pivot point : 49920

Our preference : the downside prevails as long as 49920 is resistance.

Alternative scenario : the upside breakout of 49920, would call for 51370 and 52230.

Comment : the RSI is below its neutrality area at 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 48997 and 49081).

Supports and resistances :

52230 **
51370 *
49920
48780 – Last price
47000
46140 *
45280 **

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

Source : Trading Central

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