16 June 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)
Date : 16 June 2020
Pivot point : 8149
Our preference : as long as 8149 is support look for 12464.
Alternative scenario : the downside breakout of 8149 would call for 6576 and 5639.
Comment : the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 MA (9616) but above its 50 MA (9326).
Supports and resistances :
9538 – Last price
Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.
Source : Trading Central
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