Bitcoin Technical Analysis : BTC/USD 9 March 2022

9 March 2022 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 9 March 2022

Bitcoin Technical Analysis : BTCUSD

Date : 9 March 2022

Pivot point : 40510

Our preference : the upside prevails as long as 40510 is support.

Alternative scenario : below 40510, expect 39270 and 38540.

Comment : the RSI is above 70. It could mean either that the price is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 39583 and 39060).

Supports and resistances :

44450 **
43710 *
42980
41498 – Last price
40510
39270 *
38540 **

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

Source : Trading Central

If you open a live account with a broker that support Trading Central, you’ll get all technical analysis.



5 Popular Forex Brokers
Forex Auto Rebate / Cashback

All Likerebateforex members will receive the special discount or highest rebate rate 100% of our IB commissions. (Free! No additional conditions, fees and deals restrictions)

Forex Brokers

Direct special discount

Highest rebate rate 100%