Bitcoin Technical Analysis : BTC/USD 29 May 2020

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

Bitcoin Technical Analysis : BTC/USD 29 May 2020

Bitcoin Technical Analysis : BTCUSD

Date : 29 May 2020

Pivot point : 9320

Our preference : as long as 9320 is support look for 9967.

Alternative scenario : the downside breakout of 9320 would call for 9076 and 8931.

Comment : the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs (respectively at 9490 and 9374).

Supports and resistances :

10113 **
9967 *
9822
9514 – Last price
9320
9076 *
8931 **

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

Source : Trading Central

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