Bitcoin Technical Analysis : BTC/USD 24 July 2020

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

Bitcoin Technical Analysis : BTC/USD 24 July 2020

Bitcoin Technical Analysis : BTCUSD

Date : 24 July 2020

Pivot point : 9681

Our preference : under pressure below 9681.

Alternative scenario : above 9681, look for 9826 and 9913.

Comment : the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 9590 and 9553). Finally, the Bitcoin / Dollar is trading below its lower Bollinger band (standing at 9551).

Supports and resistances :

9913 **
9826 *
9681
9545 – Last price
9372
9286 *
9200 **

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

Source : Trading Central

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