Bitcoin Technical Analysis : BTC/USD 16 July 2020

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

Bitcoin Technical Analysis : BTC/USD 16 July 2020

Bitcoin Technical Analysis : BTCUSD

Date : 16 July 2020

Pivot point : 9068

Our preference : rebound towards 9464.

Alternative scenario : below 9068, expect 8918 and 8828.

Comment : the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair stands below its 20 and 50 MAs (respectively at 9198 and 9210).

Supports and resistances :

9554 **
9464 *
9374
9187 – Last price
9068
8918 *
8828 **

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

Source : Trading Central

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