Bitcoin Technical Analysis : BTC/USD 13 April 2020

13 April 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 13 April 2020

Bitcoin Technical Analysis : BTCUSD

Date : 13 April 2020

Pivot point : 6939

Our preference : the downside prevails as long as 6939 is resistance.

Alternative scenario : above 6939, look for 7221 and 7388.

Comment : the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 6869 and 6912).

Supports and resistances :

7388 **
7221 *
6939
6716 – Last price
6359
6192 *
6026 **

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

Source : Trading Central

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