Bitcoin Technical Analysis : BTC/USD 19 March 2020

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

Bitcoin Technical Analysis : BTC/USD 19 March 2020

Bitcoin Technical Analysis : BTCUSD

Date : 19 March 2020

Pivot point : 5196

Our preference : as long as 5196 is support look for 5799.

Alternative scenario : the downside breakout of 5196 would call for 4972 and 4838.

Comment : the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 5358 and 5283).

Supports and resistances :

5933 **
5799 *
5665
5391 – Last price
5196
4972 *
4838 **

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

Source : Trading Central

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