Bitcoin Technical Analysis : BTC/USD 17 September 2020

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

Bitcoin Technical Analysis : BTC/USD 17 September 2020

Bitcoin Technical Analysis : BTCUSD

Date : 17 September 2020

Pivot point : 11086

Our preference : the downside prevails as long as 11086 is resistance.

Alternative scenario : above 11086, look for 11297 and 11423.

Comment : the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 10965 and 10937).

Supports and resistances :

11423 **
11297 *
11086
10913 – Last price
10645
10519 *
10394 **

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

Source : Trading Central

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