Bitcoin Technical Analysis : BTC/USD 1 May 2020

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

Bitcoin Technical Analysis : BTC/USD 1 May 2020

Bitcoin Technical Analysis : BTCUSD

Date : 1 May 2020

Pivot point : 8461

Our preference : rebound.

Alternative scenario : the downside breakout of 8461 would call for 8095 and 7877.

Comment : the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the pair stands above its 20 MA (8735) but below its 50 MA (8844).

Supports and resistances :

9672 **
9453 *
9234
8764 – Last price
8461
8095 *
7877 **

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

Source : Trading Central

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