Bitcoin Technical Analysis : BTC/USD 25 February 2020

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

Bitcoin Technical Analysis : BTC/USD 25 February 2020

Bitcoin Technical Analysis : BTCUSD

Date : 25 February 2020

Pivot point : 9682

Our preference : the downside prevails as long as 9682 is resistance.

Alternative scenario : the upside breakout of 9682, would call for 9859 and 9965.

Comment : the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 9593 and 9662).

Supports and resistances :

9965 **
9859 *
9682
9523 – Last price
9313
9207 *
9102 **

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

Source : Trading Central

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