Bitcoin Technical Analysis : BTC/USD 15 May 2020

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

Bitcoin Technical Analysis : BTC/USD 15 May 2020

Bitcoin Technical Analysis : BTCUSD

Date : 15 May 2020

Pivot point : 9718

Our preference : the downside prevails as long as 9718 is resistance.

Alternative scenario : the upside breakout of 9718, would call for 10008 and 10181.

Comment : the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 9672 and 9633).

Supports and resistances :

10181 **
10008 *
9718
9472 – Last price
9111
8939 *
8767 **

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

Source : Trading Central

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