Bitcoin Technical Analysis : BTC/USD 13 May 2020

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

Bitcoin Technical Analysis : BTC/USD 13 May 2020

Bitcoin Technical Analysis : BTCUSD

Date : 13 May 2020

Pivot point : 8705

Our preference : the upside prevails as long as 8705 is support.

Alternative scenario : the downside breakout of 8705 would call for 8433 and 8270.

Comment : the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 8871 and 8829).

Supports and resistances :

9593 **
9430 *
9267
8919 – Last price
8705
8433 *
8270 **

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

Source : Trading Central

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