Bitcoin Technical Analysis : BTC/USD 9 December 2021

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

Bitcoin Technical Analysis : BTC/USD 9 December 2021

Bitcoin Technical Analysis : BTCUSD

Date : 9 December 2021

Pivot point : 50920

Our preference : the downside prevails as long as 50920 is resistance.

Alternative scenario : above 50920, look for 52400 and 53280.

Comment : the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 50229 and 50207).

Supports and resistances :

53280 **
52400 *
50920
49728 – Last price
47970
47090 *
46210 **

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

Source : Trading Central

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