Bitcoin Technical Analysis : BTC/USD 16 April 2020

16 April 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

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

If you open a live account with a broker that support Trading Central, you’ll get all technical analysis.



5 Popular Forex Brokers
Forex Auto Rebate / Cashback

All Likerebateforex members will receive the special discount or highest rebate rate 95% of our commissions. (Free! No additional conditions, fees and deals restrictions)

Forex Brokers

Direct special discount

Highest rebate rate 95%