Bitcoin Technical Analysis : BTC/USD 26 May 2020

Bitcoin Technical Analysis : BTCUSD

Date : 26 May 2020

Pivot point : 8716

Our preference : as long as 8716 is support look for 9322.

Alternative scenario : the downside breakout of 8716 would call for 8488 and 8352.

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 8894 and 8838).

Supports and resistances :

9458 **
9322 *
9186
8900 – Last price
8716
8488 *
8352 **

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

Source : Trading Central

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