Bitcoin Technical Analysis : BTC/USD 20 May 2020

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

Bitcoin Technical Analysis : BTC/USD 20 May 2020

Bitcoin Technical Analysis : BTCUSD

Date : 20 May 2020

Pivot point : 9513

Our preference : as long as 9513 is support look for 10225.

Alternative scenario : the downside breakout of 9513 would call for 9244 and 9085.

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 9724 and 9698).

Supports and resistances :

10385 **
10225 *
10065
9733 – Last price
9513
9244 *
9085 **

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

Source : Trading Central

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