7 December 2021 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)
Date : 7 December 2021
Pivot point : 49800
Our preference : the upside prevails as long as 49800 is support.
Alternative scenario : the downside breakout of 49800 would call for 48290 and 47390.
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 above its 20 and 50 period moving average (respectively at 50430 and 49287).
Supports and resistances :
51047 – Last price
Warning : This information isn’t a buy-sell signal.
Source : Trading Central
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