Bitcoin Technical Analysis : BTC/USD 11 May 2020

Bitcoin Technical Analysis : BTCUSD

Date : 11 May 2020

Pivot point : 8955

Our preference : the downside prevails as long as 8955 is resistance.

Alternative scenario : the upside breakout of 8955, would call for 9318 and 9534.

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 8706 and 8687).

Supports and resistances :

9534 **
9318 *
8955
8662 – Last price
8197
7983 *
7768 **

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

Source : Trading Central

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