Bitcoin Technical Analysis : BTC/USD 29 July 2020

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

Bitcoin Technical Analysis : BTC/USD 29 July 2020

Bitcoin Technical Analysis : BTCUSD

Date : 29 July 2020

Pivot point : 10792

Our preference : our next up target stands at 11310.

Alternative scenario : the downside breakout of 10792 would call for 10609 and 10500.

Comment : the RSI is above 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the pair is above its 20 and 50 MAs (respectively at 10958 and 10955).

Supports and resistances :

11420 **
11310 *
11200
10981 – Last price
10792
10609 *
10500 **

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

Source : Trading Central

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