Bitcoin Technical Analysis : BTC/USD 17 June 2020

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

Bitcoin Technical Analysis : BTC/USD 17 June 2020

Bitcoin Technical Analysis : BTCUSD

Date : 17 June 2020

Pivot point : 9650

Our preference : the downside prevails as long as 9650 is resistance.

Alternative scenario : the upside breakout of 9650, would call for 9879 and 10016.

Comment : the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 9483 and 9494).

Supports and resistances :

10016 **
9879 *
9650
9467 – Last price
9186
9050 *
8913 **

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

Source : Trading Central

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