12 May 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)
Date : 12 May 2020
Pivot point : 8496
Our preference : the upside prevails as long as 8496 is support.
Alternative scenario : the downside breakout of 8496 would call for 8230 and 8071.
Comment : the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 8640 and 8692).
Supports and resistances :
8750 – Last price
Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.
Source : Trading Central
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