Bitcoin Technical Analysis : BTC/USD 23 April 2020

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

Bitcoin Technical Analysis : BTC/USD 23 April 2020

Bitcoin Technical Analysis : BTCUSD

Date : 23 April 2020

Pivot point : 6893

Our preference : as long as 6893 is support look for 7674.

Alternative scenario : below 6893, expect 6595 and 6418.

Comment : the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 7126 and 7057).

Supports and resistances :

7852 **
7674 *
7497
7128 – Last price
6893
6595 *
6418 **

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

Source : Trading Central

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