Bitcoin Technical Analysis : BTC/USD 20 March 2020

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

Bitcoin Technical Analysis : BTC/USD 20 March 2020

Bitcoin Technical Analysis : BTCUSD

Date : 20 March 2020

Pivot point : 6025

Our preference : as long as 6025 is support look for 6701.

Alternative scenario : below 6025, expect 5764 and 5609.

Comment : the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 6214 and 5976).

Supports and resistances :

6856 **
6701 *
6546
6233 – Last price
6025
5764 *
5609 **

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

Source : Trading Central

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