Bitcoin Technical Analysis : BTC/USD 1 June 2020

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

Bitcoin Technical Analysis : BTC/USD 1 June 2020

Bitcoin Technical Analysis : BTCUSD

Date : 1 June 2020

Pivot point : 9343

Our preference : the upside prevails as long as 9343 is support.

Alternative scenario : the downside breakout of 9343 would call for 9099 and 8953.

Comment : the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 9501 and 9527).

Supports and resistances :

10138 **
9992 *
9846
9535 – Last price
9343
9099 *
8953 **

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

Source : Trading Central

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