Bitcoin Technical Analysis : BTC/USD 11 March 2020

11 March 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 11 March 2020

Bitcoin Technical Analysis : BTCUSD

Date : 11 March 2020

Pivot point : 7997

Our preference : the downside prevails as long as 7997 is resistance.

Alternative scenario : the upside breakout of 7997, would call for 8156 and 8250.

Comment : the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 7929 and 7947).

Supports and resistances :

8250 **
8156 *
7997
7866 – Last price
7653
7559 *
7465 **

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

Source : Trading Central

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