Bitcoin Technical Analysis : BTC/USD 21 May 2020

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

Bitcoin Technical Analysis : BTC/USD 21 May 2020

Bitcoin Technical Analysis : BTCUSD

Date : 21 May 2020

Pivot point : 9269

Our preference : rebound towards 9968.

Alternative scenario : below 9269, expect 9007 and 8852.

Comment : the RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair stands below its 20 and 50 MAs (respectively at 9519 and 9618).

Supports and resistances :

10124 **
9968 *
9812
9490 – Last price
9269
9007 *
8852 **

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

Source : Trading Central

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