Bitcoin Technical Analysis : BTC/USD 24 February 2020

24 February 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 24 February 2020

Bitcoin Technical Analysis : BTCUSD

Date : 24 February 2020

Pivot point : 9669

Our preference : rebound.

Alternative scenario : below 9669, expect 9496 and 9394.

Comment : the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the pair stands above its 20 MA (9764) but below its 50 MA (9850).

Supports and resistances :

10332 **
10229 *
10126 **
10023
9817 – Last price
9737
9669 **
9496 *
9394 **

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

Source : Trading Central

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