Bitcoin Technical Analysis : BTC/USD 22 July 2020

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

Bitcoin Technical Analysis : BTC/USD 22 July 2020

Bitcoin Technical Analysis : BTCUSD

Date : 22 July 2020

Pivot point : 9473

Our preference : under pressure below 9473.

Alternative scenario : above 9473, look for 9614 and 9699.

Comment : the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the pair stands below its 20 and 50 MAs (respectively at 9373 and 9346). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 9350).

Supports and resistances :

9699 **
9614 *
9473
9342 – Last price
9169
9084 *
9000 **

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

Source : Trading Central

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