Bitcoin Technical Analysis : BTC/USD 29 June 2020

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

Bitcoin Technical Analysis : BTC/USD 29 June 2020

Bitcoin Technical Analysis : BTCUSD

Date : 29 June 2020

Pivot point : 9278

Our preference : target 8713.

Alternative scenario : the upside breakout of 9278, would call for 9493 and 9620.

Comment : the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is below its 20 MA (9107) but above its 50 MA (9083).

Supports and resistances :

9620 **
9493 *
9278
9095 – Last price
8840
8713 *
8586 **

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

Source : Trading Central

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