Bitcoin Technical Analysis : BTC/USD 16 June 2020

Bitcoin Technical Analysis : BTCUSD

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 :

13422 **
12464 *
11507
9538 – Last price
8149
6576 *
5639 **

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

Source : Trading Central

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