Bitcoin Technical Analysis : BTC/USD 23 June 2020

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

Bitcoin Technical Analysis : BTC/USD 23 June 2020

Bitcoin Technical Analysis : BTCUSD

Date : 23 June 2020

Pivot point : 8380

Our preference : as long as 8380 is support look for 12550.

Alternative scenario : the downside breakout of 8380 would call for 6814 and 5881.

Comment : the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 9544 and 9433).

Supports and resistances :

13492 **
12550 *
11607
9630 – Last price
8380
6814 *
5881 **

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

Source : Trading Central

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