Bitcoin Technical Analysis : BTC/USD 17 April 2020

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

Bitcoin Technical Analysis : BTC/USD 17 April 2020

Bitcoin Technical Analysis : BTCUSD

Date : 17 April 2020

Pivot point : 6812

Our preference : as long as 6812 is support look for 7601.

Alternative scenario : below 6812, expect 6518 and 6342.

Comment : the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading under its 20 MA (7087) but above its 50 MA (7008).

Supports and resistances :

7777 **
7601 *
7425
7071 – Last price
6812
6518 *
6342 **

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

Source : Trading Central

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