Bitcoin Technical Analysis : BTC/USD 2 April 2020

2 April 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 2 April 2020

Bitcoin Technical Analysis : BTCUSD

Date : 2 April 2020

Pivot point : 6386

Our preference : as long as 6386 is support look for 7115.

Alternative scenario : the downside breakout of 6386 would call for 6109 and 5945.

Comment : the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 6536 and 6375).

Supports and resistances :

7280 **
7115 *
6950
6608 – Last price
6386
6109 *
5945 **

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

Source : Trading Central

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