Bitcoin Technical Analysis : BTC/USD 21 April 2020

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

Bitcoin Technical Analysis : BTC/USD 21 April 2020

Bitcoin Technical Analysis : BTCUSD

Date : 21 April 2020

Pivot point : 6630

Our preference : rebound towards 7411.

Alternative scenario : below 6630, expect 6343 and 6172.

Comment : the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair is trading above its 20 MA (6865) but under its 50 MA (6989).

Supports and resistances :

7583 **
7411 *
7239
6896 – Last price
6630
6343 *
6172 **

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

Source : Trading Central

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