Bitcoin Technical Analysis : BTC/USD 29 September 2020

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

Bitcoin Technical Analysis : BTC/USD 29 September 2020

Bitcoin Technical Analysis : BTCUSD

Date : 29 September 2020

Pivot point : 9615

Our preference : rebound towards 13114.

Alternative scenario : below 9615, expect 8290 and 7502.

Comment : the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair stands above its 20 MA (10665) but below its 50 MA (11075).

Supports and resistances :

13908 **
13114 *
12320
10678 – Last price
9615
8290 *
7502 **

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

Source : Trading Central

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