Bitcoin Technical Analysis : BTC/USD 9 December 2022

Bitcoin Technical Analysis : BTCUSD

Date : 9 December 2022

Pivot point : 16920

Our preference : as long as 16920 is support look for 17890.

Alternative scenario : below 16920, expect 16550 and 16330.

Comment : the RSI is above 50. The MACD is positive and below its signal line. The price could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 17197 and 16988).

Supports and resistances :

18110 **
17890 *
17670
17225 – Last price
16920
16550 *
16330 **

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

Source : Trading Central

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