Bitcoin Technical Analysis : BTC/USD 23 July 2020

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

Bitcoin Technical Analysis : BTC/USD 23 July 2020

Bitcoin Technical Analysis : BTCUSD

Date : 23 July 2020

Pivot point : 9401

Our preference : as long as 9401 is support look for 9776.

Alternative scenario : the downside breakout of 9401 would call for 9256 and 9170.

Comment : the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 9477 and 9397).

Supports and resistances :

9862 **
9776 *
9690
9517 – Last price
9401
9256 *
9170 **

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

Source : Trading Central

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