20 April 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)
Date : 20 April 2020
Pivot point : 6941
Our preference : the upside prevails as long as 6941 is support.
Alternative scenario : the downside breakout of 6941 would call for 6640 and 6462.
Comment : the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 7169 and 7161).
Supports and resistances :
7180 – Last price
Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.
Source : Trading Central
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