Bitcoin Technical Analysis : BTC/USD 14 June 2021

14 June 2021 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 14 June 2021

Bitcoin Technical Analysis : BTCUSD

Date : 14 June 2021

Pivot point : 38245

Our preference : as long as 38245 is support look for 41726.

Alternative scenario : below 38245, expect 36925 and 36139.

Comment : the RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 38979 and 37203).

Supports and resistances :

42514 **
41726 *
40939
39364 – Last price
38245
36925 *
36139 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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