Bitcoin Technical Analysis : BTC/USD 22 June 2020

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

Bitcoin Technical Analysis : BTC/USD 22 June 2020

Bitcoin Technical Analysis : BTCUSD

Date : 22 June 2020

Pivot point : 9223

Our preference : the upside prevails as long as 9223 is support.

Alternative scenario : below 9223, expect 8995 and 8860.

Comment : the RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 9342 and 9348). Finally, the Bitcoin / Dollar is trading above its upper Bollinger band (standing at 9424).

Supports and resistances :

9985 **
9849 *
9713
9427 – Last price
9223
8995 *
8860 **

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

Source : Trading Central

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