Bitcoin Technical Analysis : BTC/USD 22 May 2020

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

Bitcoin Technical Analysis : BTC/USD 22 May 2020

Bitcoin Technical Analysis : BTCUSD

Date : 22 May 2020

Pivot point : 8790

Our preference : rebound towards 9456.

Alternative scenario : the downside breakout of 8790 would call for 8542 and 8394.

Comment : the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair stands below its 20 and 50 MAs (respectively at 9051 and 9177).

Supports and resistances :

9604 **
9456 *
9308
9000 – Last price
8790
8542 *
8394 **

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

Source : Trading Central

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