Bitcoin Technical Analysis : BTC/USD 27 March 2020

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

Bitcoin Technical Analysis : BTC/USD 27 March 2020

Bitcoin Technical Analysis : BTCUSD

Date : 27 March 2020

Pivot point : 6903

Our preference : under pressure below 6903.

Alternative scenario : above 6903, look for 7183 and 7349.

Comment : the RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 6769 and 6691).

Supports and resistances :

7349 **
7183 *
6903
6675 – Last price
6324
6158 *
5992 **

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

Source : Trading Central

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