Bitcoin Technical Analysis : BTC/USD 25 March 2020

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

Bitcoin Technical Analysis : BTC/USD 25 March 2020

Bitcoin Technical Analysis : BTCUSD

Date : 25 March 2020

Pivot point : 6481

Our preference : our next up target stands at 7239.

Alternative scenario : the downside breakout of 6481 would call for 6200 and 6033.

Comment : the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the pair is above its 20 and 50 MAs (respectively at 6689 and 6680).

Supports and resistances :

7407 **
7239 *
7071
6710 – Last price
6481
6200 *
6033 **

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

Source : Trading Central

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