Bitcoin Technical Analysis : BTC/USD 16 April 2020

Bitcoin Technical Analysis : BTCUSD

Date : 16 April 2020

Pivot point : 6407

Our preference : rebound towards 7144.

Alternative scenario : below 6407, expect 6130 and 5965.

Comment : the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair stands below its 20 and 50 MAs (respectively at 6659 and 6744).

Supports and resistances :

7310 **
7144 *
6978
6639 – Last price
6407
6130 *
5965 **

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

Source : Trading Central

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