Bitcoin Technical Analysis : BTC/USD 7 December 2021

Bitcoin Technical Analysis : BTCUSD

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 :

54890 **
53980 *
53080
51047 – Last price
49800
48290 *
47390 **

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

Source : Trading Central

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