Bitcoin Technical Analysis : BTC/USD 24 March 2020

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

Bitcoin Technical Analysis : BTC/USD 24 March 2020

Bitcoin Technical Analysis : BTCUSD

Date : 24 March 2020

Pivot point : 6274

Our preference : as long as 6274 is support look for 7026.

Alternative scenario : the downside breakout of 6274 would call for 6003 and 5841.

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 6526 and 6273).

Supports and resistances :

7189 **
7026 *
6864
6533 – Last price
6274
6003 *
5841 **

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

Source : Trading Central

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