Bitcoin Technical Analysis : BTC/USD 9 September 2022

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

Bitcoin Technical Analysis : BTC/USD 9 September 2022

Bitcoin Technical Analysis : BTCUSD

Date : 9 September 2022

Pivot point : 20140

Our preference : the upside prevails as long as 20140 is support.

Alternative scenario : the downside breakout of 20140 would call for 19530 and 19160.

Comment : the RSI is trading above 70. This could mean that either the price is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 19747 and 19443).

Supports and resistances :

22160 **
21790 *
20659 – Last price
19530 *
19160 **

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

Source : Trading Central

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