Bitcoin Technical Analysis : BTC/USD 18 March 2020

18 March 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 18 March 2020

Bitcoin Technical Analysis : BTCUSD

Date : 18 March 2020

Pivot point : 5478

Our preference : the downside prevails as long as 5478 is resistance.

Alternative scenario : the upside breakout of 5478, would call for 5700 and 5832.

Comment : the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 5394 and 5351). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 5285).

Supports and resistances :

5832 **
5700 *
5478
5266 – Last price
4996
4865 *
4734 **

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

Source : Trading Central

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