Bitcoin Technical Analysis : BTC/USD 19 May 2020

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

Bitcoin Technical Analysis : BTC/USD 19 May 2020

Bitcoin Technical Analysis : BTCUSD

Date : 19 May 2020

Pivot point : 8043

Our preference : as long as 8043 is support look for 13064.

Alternative scenario : the downside breakout of 8043 would call for 6234 and 5156.

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 9232 and 7982).

Supports and resistances :

14172 **
13064 *
11955
9561 – Last price
8043
6234 *
5156 **

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

Source : Trading Central

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