Bitcoin Technical Analysis : BTC/USD 1 April 2020

1 April 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 1 April 2020

Bitcoin Technical Analysis : BTCUSD

Date : 1 April 2020

Pivot point : 6083

Our preference : rebound towards 6791.

Alternative scenario : the downside breakout of 6083 would call for 5820 and 5664.

Comment : the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 6329 and 6403).

Supports and resistances :

6948 **
6791 *
6633
6310 – Last price
6083
5820 *
5664 **

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.

Source : Trading Central

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