Bitcoin Technical Analysis : BTC/USD 20 April 2020

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

Bitcoin Technical Analysis : BTC/USD 20 April 2020

Bitcoin Technical Analysis : BTCUSD

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 :

7905 **
7726 *
7547
7180 – Last price
6941
6640 *
6462 **

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

Source : Trading Central

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