Bitcoin Technical Analysis : BTC/USD 16 September 2020

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

Bitcoin Technical Analysis : BTC/USD 16 September 2020

Bitcoin Technical Analysis : BTCUSD

Date : 16 September 2020

Pivot point : 10715

Our preference : the upside prevails as long as 10715 is support.

Alternative scenario : below 10715, expect 10504 and 10379.

Comment : the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 10809 and 10807).

Supports and resistances :

11402 **
11277 *
11151
10900 – Last price
10715
10504 *
10379 **

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

Source : Trading Central

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