Bitcoin Technical Analysis : BTC/USD 14 April 2020

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

Bitcoin Technical Analysis : BTC/USD 14 April 2020

Bitcoin Technical Analysis : BTCUSD

Date : 14 April 2020

Pivot point : 6657

Our preference : the upside prevails as long as 6657 is support.

Alternative scenario : the downside breakout of 6657 would call for 6369 and 6198.

Comment : the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 6865 and 6786).

Supports and resistances :

7597 **
7425 *
7253
6909 – Last price
6657
6369 *
6198 **

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

Source : Trading Central

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