Bitcoin Technical Analysis : BTC/USD 20 July 2020

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

Bitcoin Technical Analysis : BTC/USD 20 July 2020

Bitcoin Technical Analysis : BTCUSD

Date : 20 July 2020

Pivot point : 9062

Our preference : as long as 9062 is support look for 9456.

Alternative scenario : below 9062, expect 8912 and 8823.

Comment : the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 MA (9184) but above its 50 MA (9160).

Supports and resistances :

9545 **
9456 *
9366
9181 – Last price
9062
8912 *
8823 **

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

Source : Trading Central

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