Bitcoin Technical Analysis : BTC/USD 8 December 2020

8 December 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 8 December 2020

Bitcoin Technical Analysis : BTCUSD

Date : 8 December 2020

Pivot point : 18857

Our preference : the upside prevails as long as 18857 is support.

Alternative scenario : the downside breakout of 18857 would call for 18470 and 18240.

Comment : the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 19179 and 19184).

Supports and resistances :

20108 **
19878 *
19647
19185 – Last price
19009
18857 *
18470 **

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.

Source : Trading Central

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