Bitcoin Technical Analysis : BTC/USD 8 December 2022
8 December 2022 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)
Bitcoin Technical Analysis : BTCUSD
Date : 8 December 2022
Pivot point : 16560
Our preference : rebound.
Alternative scenario : the downside breakout of 16560 would call for 16190 and 15980.
Comment : the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the price stands above its 20 period moving average (16826) but below its 50 period moving average (16856).
Supports and resistances :
17720 **
17500 *
17280
16844 – Last price
16560
16190 *
15980 **
Warning : This information isn’t a buy-sell signal.
Source : Trading Central
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