Bitcoin Technical Analysis : BTC/USD 3 March 2020

3 March 2020 Analysis (Forex, CFDs, Cryptocurrency)Bitcoin (BTC)BTC/USD (Bitcoin)

Bitcoin Technical Analysis : BTC/USD 3 March 2020

Bitcoin Technical Analysis : BTCUSD

Date : 3 March 2020

Pivot point : 8963

Our preference : target 8514.

Alternative scenario : above 8963, look for 9133 and 9233.

Comment : the RSI is below 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 trading under its 20 MA (8875) but above its 50 MA (8817).

Supports and resistances :

9233 **
9133 *
8963 **
8897
8824 – Last price
8615
8514 **
8414 *
8313 **

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

Source : Trading Central

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