Bitcoin Technical Analysis : BTC/USD 27 April 2020

27 April 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 27 April 2020

Bitcoin Technical Analysis : BTCUSD

Date : 27 April 2020

Pivot point : 7481

Our preference : the upside prevails as long as 7481 is support.

Alternative scenario : the downside breakout of 7481 would call for 7157 and 6965.

Comment : the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 7695 and 7637).

Supports and resistances :

8524 **
8331 *
8138
7740 – Last price
7481
7157 *
6965 **

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

Source : Trading Central

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