Bitcoin Technical Analysis : BTC/USD 1 July 2020

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

Bitcoin Technical Analysis : BTC/USD 1 July 2020

Bitcoin Technical Analysis : BTCUSD

Date : 1 July 2020

Pivot point : 8992

Our preference : our next up target stands at 9497.

Alternative scenario : below 8992, expect 8798 and 8682.

Comment : the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 9138 and 9142).

Supports and resistances :

9612 **
9497 *
9381
9146 – Last price
8992
8798 *
8682 **

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

Source : Trading Central

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