Bitcoin Technical Analysis : BTC/USD 2 June 2020

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

Bitcoin Technical Analysis : BTC/USD 2 June 2020

Bitcoin Technical Analysis : BTCUSD

Date : 2 June 2020

Pivot point : 9887

Our preference : as long as 9887 is support look for 10555.

Alternative scenario : the downside breakout of 9887 would call for 9635 and 9486.

Comment : the RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). 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 9957 and 9714).

Supports and resistances :

10705 **
10555 *
10404
10095 – Last price
9887
9635 *
9486 **

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

Source : Trading Central

If you open a live account with a broker that support Trading Central, you’ll get all technical analysis.



5 Popular Forex Brokers
Forex Auto Rebate / Cashback

All Likerebateforex members will receive the special discount or highest rebate rate 95% of our commissions. (Free! No additional conditions, fees and deals restrictions)

Forex Brokers

Direct special discount

Highest rebate rate 95%