Bitcoin Technical Analysis : BTC/USD 22 April 2020

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

Bitcoin Technical Analysis : BTC/USD 22 April 2020

Bitcoin Technical Analysis : BTCUSD

Date : 22 April 2020

Pivot point : 7091

Our preference : the downside prevails as long as 7091 is resistance.

Alternative scenario : above 7091, look for 7379 and 7550.

Comment : the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 6875 and 6865).

Supports and resistances :

7550 **
7379 *
7091
6858 – Last price
6516
6346 *
6175 **

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

Source : Trading Central

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