Bitcoin Technical Analysis : BTC/USD 9 May 2022

Bitcoin Technical Analysis : BTCUSD

Date : 9 May 2022

Pivot point : 34590

Our preference : the downside prevails as long as 34590 is resistance.

Alternative scenario : the upside breakout of 34590, would call for 35590 and 36190.

Comment : the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 34077 and 34339).

Supports and resistances :

36190 **
35590 *
34590
33798 – Last price
32590
31990 *
31400 **

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

Source : Trading Central

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