Bitcoin Technical Analysis : BTC/USD 27 July 2020

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

Bitcoin Technical Analysis : BTC/USD 27 July 2020

Bitcoin Technical Analysis : BTCUSD

Date : 27 July 2020

Pivot point : 10075

Our preference : the upside prevails as long as 10075 is support.

Alternative scenario : below 10075, expect 9920 and 9828.

Comment : the RSI is above 70. It could mean either that the pair is in a lasting uptrend or just overbought and therefore bound to correct (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 10009 and 9915).

Supports and resistances :

10622 **
10530 *
10437
10248 – Last price
10075
9920 *
9828 **

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

Source : Trading Central

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