Bitcoin Technical Analysis : BTC/USD 15 June 2020

15 June 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 15 June 2020

Bitcoin Technical Analysis : BTCUSD

Date : 15 June 2020

Pivot point : 9356

Our preference : the downside prevails as long as 9356 is resistance.

Alternative scenario : the upside breakout of 9356, would call for 9579 and 9712.

Comment : the RSI is trading below 30. This could mean that either the pair is in a lasting downtrend or just oversold and that therefore a rebound could shape (look for bullish divergence in this case). The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 9294 and 9360).

Supports and resistances :

9712 **
9579 *
9356
9145 – Last price
8866
8733 *
8601 **

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

Source : Trading Central

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