Bitcoin Technical Analysis : BTC/USD 28 May 2020

28 May 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 28 May 2020

Bitcoin Technical Analysis : BTCUSD

Date : 28 May 2020

Pivot point : 8982

Our preference : as long as 8982 is support look for 9604.

Alternative scenario : below 8982, expect 8747 and 8608.

Comment : the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 MA (9174) but above its 50 MA (9101).

Supports and resistances :

9744 **
9604 *
9464
9173 – Last price
8982
8747 *
8608 **

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

Source : Trading Central

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