Market Analysis of Bitcoin on Tuesday 21 December 2021

2021-12-21 10:00Source:BtcDana

Bitcoin / Dollar intraday: above its upper Bollinger band

 

Our pivot point stands at 45600.

 

Our preference:

The upside prevails as long as 45600 is support.

 

Alternative scenario:

Below 45600, expect 44220 and 43390.

 

Comment:

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 46191 and 46441). Finally, the Bitcoin / Dollar has crossed above its upper Bollinger band (46852).


Analyst Views Chart



This material is from Trading Central and is being posted with permission from Trading Central. The views expressed in this material are solely those of the author and/or Trading View and BTCDana is not endorsing or recommending any investment or trading discussed in the material. Before acting on this material, you should consider whether it is suitable for your circumstances and as necessary, seek professional advice.

More