Bitcoin Technical Analysis : BTC/USD 14 May 2020

Bitcoin Technical Analysis : BTCUSD

Date : 14 May 2020

Pivot point : 9062

Our preference : as long as 9062 is support look for 9830.

Alternative scenario : the downside breakout of 9062 would call for 8778 and 8609.

Comment : the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 MA (9318) but above its 50 MA (9133).

Supports and resistances :

10000 **
9830 *
9661
9294 – Last price
9062
8778 *
8609 **

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

Source : Trading Central

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